Ulta Salon a stylish buy?

The Making Money panel on the outlook for Ulta Salon.

This article is part of the series

ULTA Stock Looking Good

By Payne's Picks FOXBusiness

Let’s talk about Ulta Salon (ULTA).

Continue Reading Below

I’m pretty sure this is my third time on this show saying I like this one, maybe my seventh time on this network. I started talking about it on the FOX Business Network at fifties.

It’s on a cusp, look at that chart (watch the video clip above), of an amazing breakout. We’re always talking about buying what we know, I don’t shop at Ulta Salon, but I’ll never forget a few years ago when I dropped my wife off at one. It was like a vision. You talk about Field of Dreams. I mean, I wanted to go in. You know, it’s the most amazing one-stop shop for women to go and get any variety of products they want, hair products. Incredible management. Stock is doing extraordinarily well.

You may quibble a little bit with valuations, but it’s on a verge of a technical breakout. I think it can go to $200 now.

DISCLOSURES

Ulta Salon (ULTA)

Owns

Family Owns

Firm Owns

Investment
Banking

CHARLES N N Y N
QUINCY N N N N
JIM A N N N N
MATT N N N N
JIM F N N N N
TAMMY N N N N

Continue Reading Below

 

What do you think?

Click the button below to comment on this article.