Most retail stocks have been very sluggish in recent years as intense competition and concerns over growth have ravaged the industry. However, some have been able to avoid this issues and stay on the path to growth, with Ulta (ULTA - Free Report) being a great example of how to do it right.
The company has seen its shares soar by nearly 50% so far in 2016, while it has added over 80% in the past year. And from an even longer term look, the stock has been even more impressive, as it is now sporting an 183% gain in the past two years alone.
Part of this surge is thanks to its strength in earnings season, as the company has an excellent track record when it comes to beating estimates. In fact, the stock hasn’t missed estimates since late 2012, making for an incredible streak in earnings season.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Most retail stocks have been very sluggish in recent years as intense competition and concerns over growth have ravaged the industry. However, some have been able to avoid this issues and stay on the path to growth, with Ulta (ULTA - Free Report) being a great example of how to do it right.
The company has seen its shares soar by nearly 50% so far in 2016, while it has added over 80% in the past year. And from an even longer term look, the stock has been even more impressive, as it is now sporting an 183% gain in the past two years alone.
Part of this surge is thanks to its strength in earnings season, as the company has an excellent track record when it comes to beating estimates. In fact, the stock hasn’t missed estimates since late 2012, making for an incredible streak in earnings season.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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