ULTA - Down 30% From Its 52-Week High Is Now the Time to Buy Ulta Beauty Stock?
2024-07-13 18:34:00 ET
It's often said that beauty is in the eye of the beholder. In this case, the market hasn't been too fond of Ulta Beauty (NASDAQ: ULTA) , with the stock down about 30% from its 52-week high. Softer growth to start the year from this cosmetics retailer and hair salon operator has driven a reset of expectations in recent months.
Still, I believe investors have several reasons to turn bullish on this category leader in a good position to rebound. Let's explore why shares of Ulta Beauty could make a beautiful addition to your portfolio now.
The first-quarter update from Ulta Beauty wasn't great, but deserves some important context.
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Down 30% From Its 52-Week High, Is Now the Time to Buy Ulta Beauty Stock?