TheStreet’s Jim Cramer says Ulta is a retailer you want to own simply because it’s a multi-year growth story. Ulta is a one-stop shop for makeup, fragrances, skin and hair products and Cramer says its CEO Mary Dillon has really turned the retail chain around since taking over in 2013. The stock has bounced back about 60 percent from a year ago. On Tuesday, Oppenheimer raised its price target on the company to $160 from $150. Ulta is expected to post fourth quarter earnings after the market closes on Thursday. The company has had 16 straight quarters of double-digit profit and sales growth. Cramer advises investors to buy a little of it beforehand and maybe a little of it after, if it goes down.
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