Ulta Beauty Shares Are Attracting Heavy Inflows
Ulta Beauty Stock Reveals Strong Demand
Institutional volumes reveal a lot. For 3-months, ULTA has enjoyed bigger volumes married with higher prices. Each green bar signals unusually large volumes in ULTA shares, pushing the stock higher:
Plenty of cosmetic names are under accumulation right now. But there’s a powerful fundamental backdrop going on with Ulta Beauty.
Ulta Beauty Fundamental Analysis
Institutional support coupled with a healthy fundamental backdrop makes this company worth investigating. As you can see, ULTA has had positive sales & EPS growth in recent years:
3-year sales growth rate (+13.9%)
3-year EPS growth rate (+146.3%)
Source: FactSet
EPS is estimated to ramp higher this year by +5.9%.
Now it makes sense why the stock has been powering to new heights. ULTA is an earnings juggernaut.
Marrying great fundamentals with our proprietary software has found some big winning stocks over the long-term.
Ulta Beauty has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s made the rare Top 20 report multiple times over the years. The blue bars below shows when ULTA was a top pick…cutting through the noise:
Tracking unusual volumes reveals the power of money flows.
This is a trait that most outlier stocks exhibit…the superstars.
Ulta Beauty Price Prediction
The ULTA rally began many months ago. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
Disclosure: the author holds no position in ULTA at the time of publication.
If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.
This article was originally posted on FX Empire
