The Ulta Beauty (ULTA) Forecast Is Not So Pretty, Here’s The Trade

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Leading cosmetics and beauty care retailer, Ulta Beauty Inc (NASDAQ:ULTA), was slammed after reporting earnings that failed to match Wall Streets expectations. The stock plunged lower by 29.5% on Friday after cutting its fill year profit forecast. As many traders and investors know, ULTA shares had been one of the best performing stocks in 2019 until now.…