Wedgewood Reduces Stake in Ulta Beauty, Offers Outlook on These Three Stocks

"Ulta Beauty was our top detractor during the quarter, following bleak commentary during the Company's latest earnings call and management’s subsequent reduced annual guidance for top and bottom-line performance, noting a slowing U.S. makeup category. Based on what management is seeing in their own stores as well as information from market research firms, growth in both mass cosmetics and the higher...