Reported about 2 months ago
Berkshire Hathaway recently acquired shares in Ulta Beauty, which has seen a significant price drop, creating a potential investment opportunity. Ulta, a prominent player in the beauty retail sector, offers a diverse range of products and boasts strong business fundamentals, including consistent growth in sales and solid operating margins. Despite facing challenges such as increased competition from brands like Sephora and Amazon, Ulta's established presence and loyal customer base may provide resilience. Currently, the stock is trading at a notable discount compared to its historical valuations.
Source: YAHOO