In a new report, The Buckingham Research Group’s Kelly Halsor took a close look at Ulta Salon, Cosmetics & Fragrance, Inc. ULTA 0.57%’s latest upbeat earnings numbers. Halsor also explained why Buckingham believes that it’s time to buy the stock.

The Numbers

Ulta’s Q2 earnings per share (EPS) of $1.15 came in ahead of consensus estimates of $1.12. In addition, the company reported better-than-expected comps of +10.1 percent and raised its fiscal 2015 and Q3 EPS guidance.

Halsor stated that Buckingham Research Group sees positive momentum for Ulta and believes that even the upped guidance remains on the conservative side.

Specialty Beauty

The latest strong numbers from Ulta reinforce…

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