Key Points: Warren Buffett purchased Ulta Beauty, taking advantage of its reduced stock price.
Ulta runs a differentiated retail business targeting a broad demographic of beauty shoppers. It has one of the best returns on capital in retail.
Ulta (ULTA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Sales trends have deteriorated recently but there's good reason to give Ulta a pass. Management thinks recent changes to marketing could reinvigorate sales in the coming quarters.
Ulta Beauty (ULTA) closed the most recent trading day at $377.06, moving -0.05% from the previous trading session.
Warren Buffett was scooping up shares of Ulta in Q2. The beauty retailer has seen headwinds this year that have put the stock in bargain bin territory.
Berkshire Hathaway's BRK.B 0.83%increase; green up pointing triangle Warren Buffett has famously advised investors to be greedy when others are fearful. This past week, the company scooped up shares of Ulta Beauty ULTA 3.12%increase; green up pointing triangle, which landed in the discount bin after spooking the market.
Ulta (ULTA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Warren Buffett revealed today he has bought a $266 million stake in Ulta Beauty stock. Ulta stock bounced 12% higher on the news.
Ulta Beauty Inc (NASDAQ:ULTA) is up 14.5% to trade at $366.88 at last check, amid news that Warren Buffett's Berkshire Hathaway (BRK) took a $266 million stake in the cosmetics retailer.
Ulta Beauty stock is down 30% this year. Why did Warren Buffett buy it?
Ulta Beauty (ULTA) stock price has been under intense pressure in the past few months. After peaking at $574 earlier this year, it has sunk by over 42% and was trading at $328 on Wednesday, its lowest level in over 52 weeks.