Video: Jim Cramer Says Ulta Has a Much Better Story

TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer thinks Ulta Beauty (ULTA) - Get Report is inexpensive on a basis with other retailers. 

"It now has a multiple like other retailers," Cramer said. "It has a much better and cleaner story."

Want exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

Watch all of Jim Cramer's NYSE live shows right here: