Down 30% From Its 52-Week High, Is Now the Time to Buy Ulta Beauty Stock?

Shares of Ulta Beauty deserve a closer look following the deep sell-off. Mixed trends to start 2024 Management noted the particularly strong comparison period at the start of 2023 and believes the current environment simply reflects a period of normalization following the post-pandemic boom. Nevertheless, the weaker-than-expected start to the year prompted an adjusted full-year guidance, which helps explain the stock price volatility in recent months. From a high-level perspective, the company's shifting op ...