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Why Macy's, Ulta Beauty, and Overstock.com Plummeted This Week

Billy Duberstein, The Motley Fool
·3 min read
Why Macy's, Ulta Beauty, and Overstock.com Plummeted This Week

Shares of retailers Macy's (NYSE: M), Ulta Beauty (NASDAQ: ULTA), and Overstock.com (NASDAQ: OSTK) fell hard this week, down 18.4%, 15.5%, and 16.5% on the week, respectively, as of 1:38 p.m. ET today. None of these three stocks reported significant company-specific news this week, but bad earnings reports and outlooks from big-box retail bellwethers Walmart and Target decimated any and all retail names, these three included. This week, Walmart and Target both reported so-so revenue growth, but plummeting operating margins spooked investors.

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