Investors are overreacting to news that isn't nearly as bad as it's suggested to be. It's been a tough past few months for Ulta Beauty (ULTA -1.69%) and, by extension, for shareholders. Although the stock started the year out on a bullish foot, it has fallen steeply from its March peak thanks to a combination of competition and continued inflation. Namely, after sales growth slowed to a crawl in the fiscal 2024 first quarter (ended May 4), the cosmetics and skincare retailer lowered its full-year revenue gu ...