We came across a bullish thesis on Ulta Beauty, Inc. on X.com by wallstengine. In this article, we will summarize the bulls’ thesis on ULTA. Ulta Beauty, Inc.'s share was trading at $546.75 as of September 30th. ULTA’s trailing and forward P/E were 21.19 and 23.09 respectively according to Yahoo Finance. 5 Biggest Cosmetics Brands in the World Africa Studio/Shutterstock.com Barclays has upgraded Ulta Beauty (ULTA) from Equal Weight to Overweight, raising its price target to$589 from $518, reflecting gr ...