Warren Buffett Just Trimmed His Stake in Ulta Beauty Stock. Time to Sell?
The Motley Fool
NOVEMBER 17, 2024
Just one quarter after Warren Buffett's Berkshire Hathaway bought more than $266 million worth of Ulta Beauty (NASDAQ: ULTA) stock, the conglomerate dumped nearly all of that stake in the third quarter this year, selling more than 95% of its shares. This year, sales have slowed as the company has faced a normalization in beauty trends.
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