Ulta Beauty (ULTA) - Get Report shares have been losing steam because L'Oreal, which partners with Ulta, said on their conference call that there has been a slowdown in the mass market area of the industry.
That's according to TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer.
Watch all of Jim Cramer's latest videos, right here:
- Jim Cramer on Discovery-Scripps: There's Still Value in Evergreen Programming
- Costco and Other Brick-and-Mortar Retailers Are Coming Back After Amazon's Earnings Call, Jim Cramer Says
- Jim Cramer Reacts to Dow Chemical CEO Andrew Liveris' Activist Investor Battle
- Snap Has Been Like Blue Apron -- Very Disappointing, Jim Cramer Says