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Stock impact report

Wedgewood Reduces Stake in Ulta Beauty, Offers Outlook on These Three Stocks [Yahoo! Finance News]

Ulta Beauty, Inc. (ULTA) 
Last ulta beauty, inc. earnings: 3/12 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ultabeauty.com/overview/default.aspx
Wedgewood Reduces Stake in Ulta Beauty, Offers Outlook on These Three Stocks Wedgewood Partners 2019 Q3 investor letter here The investment firm reported mixed results for the quarter, with composite returns largely flat at 0.39% for the quarter. Meanwhile, the benchmark Russell 1000 Growth Index and the Index gained 1.49% and 1.87%, respectively. Wedgewood Partners wrote extensively on the stock that lost value for the firm in the quarter – Ulta Beauty NASDAQ: ULTA The firm had the following to say on the stock: "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-priced prestige cosmetics has steadily declined over the last couple of year Show less Read more
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