Ulta Beauty, Inc. ULTAhas been climbing up the charts after it reported impressive results in first-quarter fiscal 2018. Results were driven by the company’s solid strategic efforts along with excellent marketing and store-growth initiatives, impressive e-commerce improvement and continued progress on salon operations.
Also, it raised fiscal 2018 GAAP earnings view.As a result, the company’s shares were up nearly 2.5% since May 31, when it released the quarterly results. In the past three months, this Zacks Rank #3 (Hold) stock has advanced 21.9%, outperforming the industry’s 10.2% upside.