Reported about 2 months ago
Warren Buffett's Berkshire Hathaway has acquired a significant stake in Ulta Beauty, purchasing over 690,000 shares worth approximately $266 million. This investment led to an increase of about 14.6% in Ulta's stock following the announcement. Despite concerns about growth and competition within the beauty sector, analysts view this move by Berkshire as a strong endorsement of Ulta's business model, which continues to show resilience with a steady sales growth.
Source: YAHOO