Ulta Beauty (ULTA) has already executed a long, consistent growth story, yet management sees plenty of opportunity ahead. The Bolingbrook, Ill.-based beauty retailer has posted a stellar five-year earnings growth rate of 48%. On Sept. 11 after the close, Ulta reported earnings per share grew 34% on a 22% jump in revenue. This marked an acceleration in recent earnings growth and sent the stock soaring the next day.