How to Play Ulta Beauty Stock After a 17% Drop in Three Months

Ulta Beauty, Inc. (ULTA) has seen its shares decline 17.3% over the past three months, underperforming the broader Zacks Retail – Wholesale sector and the S&P 500, which fell 11.3% and 14.7%, respectively. Meanwhile, the stock has fared slightly better than the industry’s 18.4% drop. This pullback reflects a combination of challenging macroeconomic conditions and company-specific headwinds. That said, Ulta Beauty has still managed to outperform some of its peers, such as Sally Beauty Holdings, Inc. (SBH) , ...