Ulta Beauty (ULTA) On Raised Guidance And Buybacks Has Investors Asking If It Is Undervalued

Ulta Beauty (ULTA) is back in focus after second quarter results and a higher full year outlook for sales and earnings. The company paired the guidance increase with a bigger share repurchase plan.
Despite the stronger second quarter, Ulta Beauty’s recent share price has been choppy, with the stock down about 4% on the day of the results. The year-to-date share price return is down 16.5%, while the 1-year total shareholder return is up 5% and the 3-year total shareholder return is 24.4%. This…

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