5 Undervalued Cyclical Stocks To Buy Now

3. Ulta Beauty, Inc. (NASDAQ:ULTA)

Latest Share Price Upside: 32%

Analyst Average Share Price Target: $537

Ulta Beauty, Inc. (NASDAQ:ULTA) sells beauty products, making it the perfect consumer cyclical stock. The firm posted strong second quarter earnings results which saw it beat Wall Street revenue and EPS estimates and raise the full year guidance as well.

Insider Monkey scoured through 910 hedge fund portfolios and discovered 49 Ulta Beauty, Inc. (NASDAQ:ULTA) investors during 2023’s June quarter. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is the company’s biggest shareholder through a stake worth $475 million.

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