NEW YORK (TheStreet) -- Ulta Salon, Cosmetics & Fragrance  (ULTA) - Get Report stock is up by 1.20% to $177.77 in early afternoon trading on Tuesday.

The Bolingbrook, IL-based beauty retailer's CEO, Mary Dillon, was appointed to the Starbucks (SBUX) Board of Directors earlier this month. 

"Starbucks and Ulta Beauty share many attributes: incredibly passionate customers, compelling loyalty programs, exciting growth strategies that put the customer at the center of all we do, and tremendous care for our people," Dillon said in a statement. 

TheStreet's Chris Versace and Bob Lang of Trifecta Stocks have identified Ulta as the "Chart of the Day." Here is what Versace and Lang had to say about the company:

There's not much to like long in this market, but one former Trifecta Stocks holding shows some good relative strength. Ulta Salon, Cosmetics & Fragrance (ULTA:Nasdaq) has been rather impressive during this tough month of January.

Particularly noteworthy is the higher low made on the chart when the relative strength index (top pane) touched down on an oversold 30 reading. That is quite bullish.

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When money flows back into the market we'll see the big money gravitate to the best names -- Ulta is one of them. We could see the stock move sharply higher if the market regains its footing.

- Chris Versace and Bob Lang "Chart of the Day: ULTA" originally published on 01/26/16 on Trifecta Stocks.

Want more like this from Chris Versace and Bob Lang BEFORE your stock moves? Learn more about Trifecta Stocks now!

Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

We rate ULTA SALON COSMETCS & FRAG as a Buy with a ratings score of A-. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

You can view the full analysis from the report here: ULTA