Ulta Beauty (ULTA) has sustained a 32% drop from its 52-week highs, presenting a rare investment opportunity. As the leading specialty beauty retailer in the U.S., Ulta continues to post strong ...

I'm initiating Ulta Beauty at a buy rating with a $448 price target, or ~25% upside from current levels. The stock is down more than 25% this year on self-inflicted problems, including an ERP mess ...