Have Investors Been Overlooking Ulta Beauty Inc?
Ulta Beauty (NASDAQ: ULTA) shares have fallen almost 20% since they reached an all-time high of over $300 in early June. The beauty products retailer and salon chain arguably has room to continue falling, too, given its premium valuation and the likelihood of slowing growth in the future.
However, even for investors who have decided to shun the stocks of retailers with large physical store footprints, ignoring this one would be a shortsighted move. Unlike many of its peers, Ulta Beauty has a good shot at improving sales and profits in the years ahead.
Image source: Getty Images.
Source: Fool.com
Starbucks Corp. Stock
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