Ulta Beauty: 4 Traits That Make It A Berkshire Hathaway Stock
Ulta Beauty(ULTA) Seeking Alpha·2024-09-11 02:43
Brett_Hondow Ulta Beauty, Inc. (NASDAQ:ULTA), which sells cosmetics, skincare, and salon services in North America, has fallen by about 37% from its all-time high. This is despite Warren Buffett's Berkshire Hathaway recently revealing that it bought about 690,000 shares of the stock, although, admittedly, the position makes up less than 1% of Berkshire's $300B+ portfolio at Ulta's current price. Nonetheless, this drawdown is nothing new for ULTA stock. With a five-year monthly Beta of 1.31 (as per Yahoo Fin ...