Ulta Beauty (NASDAQ: ULTA ) stock has fallen 22% year-to-date while the market has soared. Investors are likely disappointed by the lack of growth recently and the fact that 2024 and 2025 will be transitional years for the company.I objectively search for undervalued stocks of any size across a wide variety of industries using quantitative methods that I've thoroughly backtested for success. I believe the numbers are more important than the story (most of the time), as they tend to paint a more realistic pi ...