Ulta Beauty: Rising Inventories Are Another Major Red Flag


  • Ulta Beauty has been a poor performer in 2024, losing market share and struggling with profitability.
  • Despite its decline, some believe Ulta is undervalued due to its past success as a high-growth stock.
  • Investors should carefully consider the reasons behind Ulta’s struggles before deciding if it is a good investment opportunity.

Ulta Beauty (NASDAQ:ULTA) has been one of the worst-performing stocks in the S&P 500 in 2024, as the company continues to lose market share and struggles to improve profitability.

And yet, investors and analysts think that Ulta is a clear