Ulta Beauty, Inc. ULTA is scoring high on investors’ confidence, thanks to stronger-than-anticipated earnings in second-quarter fiscal 2018. Higher sales and market share gains in the quarter, coupled with sturdy e-commerce sales and salon operations have been cornerstones of the company’s success. Additionally, the company’s Ultamate Rewards loyalty program bodes well.
Shares of Ulta Beauty have moved up 6.4% since the company reported robust quarterly results on Aug 30. Moreover, this Zacks Rank #3 (Hold) stock has surged 31.4% in the past six months, outperforming the industry’s 16.9% rally. Also, the company has a Growth Score of B and a long-term earnings growth rate of 18.6%, which demonstrates its inherent potential.