Back-to-School Stock Pick Bulls Won't Want to Ignore

Ulta stock hit a record peak late last month, following an impressive earnings report

Digital Content Manager
Sep 1, 2021 at 12:45 PM
facebook X logo linkedin

With students heading back to class and the first signs of fall just around the corner, investors might want to start looking at seasonality trends for September. Luckily, Schaeffer's Senior Quantitative Analyst Rocky White has compiled a list of the 25 best performing stocks this month, going back 10 years. One name that stands out is cosmetics retailer Ulta Beauty Inc (NASDAQ:ULTA), which just came off an upbeat earnings report that launched the stock to a record high of $414.98.  

The equity is up an impressive 67% in the last 12 months, though the $390 level has prevented ULTA from snagging any more intraday highs. The 10-day moving average has emerged as a leg of solid support, along with the $380 level. Ulta stock was last seen up 0.2% at $388.24, but based on its aforementioned seasonality, there's reason to believe the stock could snag even more records in the coming weeks. 

ulta chart sept 1

According to White's data, over the past 10 years, ULTA has seen eight positive one-month returns, and averaged a 6.2% pop in this time period. That's good for second best one-month return on the list, following fellow retailer L Brands (LB), which averaged a 7.2% jump in September. A similar move, from ULTA's current perch, would put the stock at $412.31 -- just a chip shot away from last month's post-earnings peak. 

best of september

The security has been the recipient of plenty of bullish attention from analysts during the past week. Just today, Piper Sandler noted an accelerating demand for skincare and services which should continue into the fall. Since its quarterly report, no less than 15 analysts lifted their price targets, though there still looks to be room for analyst upgrades. Of the 20 analysts covering ULTA, nine consider it a tepid "hold." 



Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI