Many experts believe that Ulta Beauty’s shares are trading at an all time high and this is not good.
Ulta Beauty is a store that sells many kinds of makeup, perfumes, and other beauty supplies. They are one of the biggest beauty stores in the world and control most of the beauty market. They have over 1,200 stores and are looking to increase that number to 1,700.
Despite having a huge hold in the market, many investors believe that there needs to be a correction and Ulta Beauty should not be trading this high.
In the last fiscal year, they reported a 16.8% decline in sales.