Sales and profit growth figures for Ulta Beauty are a thing of beauty. Earnings growth for the cosmetic and beauty goods retail giant over the past four quarters has ranged from 54% to a stunning 519%. On Tuesday, the IBD SmartSelect Composite Rating for Ulta Beauty ratcheted up to a near-best 96, of a possible 99, from 94 the day before.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Ulta Beauty's Other Key Ratings Shine
Additionally, the Composite Rating combines five separate proprietary IBD ratings, based on key fundamental and technical criteria, into one easy-to-use score. The best growth stocks have a Composite Rating of 90 or better.
Among its other key ratings, Chicago.-based Ulta Beauty sports an 89 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 89% of all stocks. The C- Accumulation/Distribution Rating for Ulta Beauty stock shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
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Meanwhile, on May 26 the company reported 54% earnings growth in Q1 to $6.28 per share. Sales grew 21% to a record $2.35 billion.
Positioned For Fresh Upturn?
Notably, Ulta Beauty has recently formed a couple of cup bases but, amid the market retreat this year, has not yet been able to break out. See if it can form a new base such as a cup-with-handle base or double-bottom base and break out in strong volume.
Ulta Beauty earns the No. 2 rank among its peers in the Retail-Specialty industry group. Ritchie Bros Auctioneers is the top-ranked stock within the group.
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