1 Growth Stock Down 34% to Buy Right Now

Ulta Beauty (NASDAQ: ULTA) has been one of the best-performing consumer discretionary stocks on the market over its history.The company established itself as a clear leader in a unique niche of retail, selling more than 25,000 products from more than 600 brands, and it operates in-store hair salons, differentiating it from rivals like Sephora.Since its initial public offering (IPO) in 2007, Ulta is up more than 1,000%, but over the last year, the stock has hit a roadblock. Year to date, the stock is down 24%, and the stock looks cheap enough to attract the attention of Warren Buffett, whose Berkshire Hathaway scooped up some Ulta shares in the second quarter, though the stock is even cheaper now than it was when Berkshire bought it.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool