Ulta Salon Cosmetics & Fragrances Inc (ULTA): Today's Featured Diversified Services 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 Diversified Services industry higher today making it today's featured diversified services winner. The industry as a whole closed the day down 0.3%. By the end of trading, Ulta Salon Cosmetics & Fragrances rose $1.41 (1.6%) to $89.63 on light volume. Throughout the day, 605,445 shares of Ulta Salon Cosmetics & Fragrances exchanged hands as compared to its average daily volume of 1,298,700 shares. The stock ranged in a price between $86.82-$90.09 after having opened the day at $88.85 as compared to the previous trading day's close of $88.22. Other companies within the Diversified Services industry that increased today were: Internet Patents ( PTNT), up 8.3%, Nord Anglia Education ( NORD), up 5.3%, China Yida ( CNYD), up 5.2% and CRA International ( CRAI), up 4.2%.

ULTA Salon, Cosmetics & Fragrance, Inc. operates specialty retail stores in the United States. Its stores offer an assortment of branded and private label beauty products in cosmetics, fragrance, haircare, skincare, bath and body products, and salon styling tools. Ulta Salon Cosmetics & Fragrances has a market cap of $5.7 billion and is part of the services sector. Shares are down 8.6% year to date as of the close of trading on Wednesday. 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 increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, MGT Capital Investments ( MGT), down 10.1%, ENGlobal ( ENG), down 8.6%, Taomee Holdings ( TAOM), down 6.2% and CoStar Group ( CSGP), down 6.1% , were all laggards within the diversified services industry with Computer ( CSC) being today's diversified services industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the diversified services industry could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the diversified services industry could consider ProShares Ultra Short Consumer Sers ( SCC).

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