Ulta Beauty (ULTA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this beauty products retailer have returned -4.7%, compared to the Zacks S&P 500 composite's -0.3% change. During this period, the Zacks Retail - Miscellaneous industry, which Ulta falls in, has lost 9.6%. The key question now is: What could be the stock's future direction?While med ...