ULTA Stock Recent News
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BOLINGBROOK, Ill.--(BUSINESS WIRE)--Ulta Beauty, Inc. (NASDAQ: ULTA) today announced that its financial results for the second quarter of fiscal 2024 will be released Thursday, August 29, 2024, after the market closes. The Company will host a conference call at 4:30 p.m. ET / 3:30 p.m. CT to discuss the financial results. Investors and analysts who are interested in participating in the call are invited to dial (877) 704-4453. Participants may also listen to a real-time audio webcast of the con.
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.
LikeFolio says back to school sales are the highest the company has ever seen, reporting 113% in year-over-year growth. According to Landon Swan, it may not be the only reason Berkshire Hathaway bought a stake in the company.
Telsey Advisory Group CEO Dana Telsey explains why Ulta Beauty got a vote of confidence from Warren Buffett's Berkshire Hathaway and how Walmart continues to thrive even as US consumers show signs of losing steam. Dana speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
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.
Ulta Beauty (ULTA) shares surged nearly 14% in extended trading on Wednesday after a regulatory filing revealed that Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) had taken a stake in the cosmetics retailer during the second quarter.
Warren Buffett's Berkshire Hathaway took a stake in Ulta Beauty ULTA -0.76%decrease; red down pointing triangle in the second quarter while buying more shares of Chubb CB 1.70%increase; green up pointing triangle and Occidental Petroleum OXY -0.90%decrease; red down pointing triangle.