1 Growth Stock Down 33% to Buy Right Now

Between disappointing quarterly results, lowered guidance, and a handful of recent downgrades, Ulta Beauty (NASDAQ: ULTA) isn't exactly an exciting investment prospect at this time. Shares have fallen 33% from their February high to a two-year low, in fact, specifically because the market is losing hope.But as the old adage goes, it's always darkest before dawn. Smart investors should see this steep sell-off as a buying opportunity rather than a warning, understanding that this is still a great company. It's just bumping into a cyclical headwind. Indeed, Ulta may even be through most of that headwind.If you're not familiar with it, Ulta Beauty is a cosmetics, fragrance, and skincare retailer. The company operates more than 1,250 brick-and-mortar stores selling products at a wide range of price points. Many of its stores are also salons, offering services like hairstyling, waxing, facials, and makeup application.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool