Why Ulta Beauty Stock Was Climbing Today

Shares of Ulta Beauty (NASDAQ: ULTA) were looking sharp today as the cosmetics retailer jumped on a new partnership with Target (NYSE: TGT). Ulta will open more than 100 locations inside Target stores next year and sell through Target.com.

As a result, Ulta shares were trading up 7.8% as of 1:48 p.m. EST, while Target had gained 1.5%.

Image source: Target.

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Source Fool.com