Ulta Salon Cosmetics & Fragrances Inc. (ULTA): Today's Featured Specialty Retail Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Ulta Salon Cosmetics & Fragrances ( ULTA) pushed the Specialty Retail industry higher today making it today's featured specialty retail winner. The industry as a whole closed the day up 1.1%. By the end of trading, Ulta Salon Cosmetics & Fragrances rose $1.21 (1.3%) to $97.08 on light volume. Throughout the day, 821,126 shares of Ulta Salon Cosmetics & Fragrances exchanged hands as compared to its average daily volume of 1,369,500 shares. The stock ranged in a price between $95.28-$98.43 after having opened the day at $96.30 as compared to the previous trading day's close of $95.87. Other companies within the Specialty Retail industry that increased today were: Zagg ( ZAGG), up 6.5%, Barnes & Noble ( BKS), up 5.8%, KAR Auction Services ( KAR), up 4.5% and West Marine ( WMAR), up 4.2%.

Ulta Salon, Cosmetics & Fragrance, Inc. operates specialty retail stores in the United States. Its stores offer cosmetics, fragrance, haircare, and skincare products, as well as related accessories and services. Ulta Salon Cosmetics & Fragrances has a market cap of $6.0 billion and is part of the services sector. Shares are down 0.7% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Ulta Salon Cosmetics & Fragrances a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Ulta Salon Cosmetics & Fragrances as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the negative front, Big 5 Sporting Goods Corporation ( BGFV), down 3.4%, Books-A-Million ( BAMM), down 2.1% and Mecox Lane ( MCOX), down 1.8% , were all laggards within the specialty retail industry with Cabela's ( CAB) being today's specialty retail industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the specialty retail industry could consider SPDR S&P Retail ETF ( XRT) while those bearish on the specialty retail industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

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