2024-07-06 16:20:00 ET
If you bought shares of cosmetics retailer Ulta Beauty (NASDAQ: ULTA) 10 years ago, you should be quite satisfied. After all, the beauty stock is up more than 300% in the past decade, far outpacing the return of the S&P 500 .
However, the performance of Ulta Beauty stock year to date is another matter entirely. Shares have dropped more than 20% compared to a stellar 16% gain for the S&P 500, as the chart below shows.
For further details see:
This Investment Firm Just Boosted Its Shares of Ulta Beauty. But Does It Make Sense as a Long-Term Buy and Hold?