1 Growth Stock Down 7% to Buy Right Now
It's rare to see an unperforming growth stock these days, especially one that's been posting positive sales and earnings trends. But that's exactly the scenario investors face with Ulta Beauty (NASDAQ: ULTA), the spa and beauty products retailer.
Shares are down nearly 10% in the three months ended in mid-July, versus a 9% increase in the S 500. Year to date, the stock is up just 3% even as the wider market has surged 17%. Yet Ulta is expanding its business even after big gains a year ago. Profit margins remain strong, too.
Let's take a look at why Wall Street is wrong to be pessimistic about this stock right now.
Source Fool.com
