Workflow
This Market-Beating Stock Is a Beautiful Buy Right Now
ULTAUlta Beauty(ULTA) The Motley Fool·2024-06-29 19:00

Consumers were flush with cash coming out of the pandemic, which boosted Ulta's business. However, those tailwinds have faded. Sales growth has steadily slowed since peaking in 2021, while gross profit margins peaked in late 2022: The selling has gone far enough This could be the best opportunity to buy this stock in years. Although the stock had reasons for slipping, the stock market often gets overzealous. There's a solid argument that Ulta Beauty's selling has gone too far, and shares are poised to rebou ...