Ulta Beauty shares increased 300% in a decade, but dropped 20% this year; hedge funds still see it as a long-term buy-and-hold opportunity.
Ulta Beauty shares have increased by over 300% in the last decade, significantly outperforming the S&P 500. However, the stock has dropped 20% this year. Despite this, hedge funds like SteelPeak Wealth have increased their positions in Ulta Beauty, indicating some see it as a long-term buy and hold opportunity. A buy-and-hold investment strategy could potentially outperform professional investors.
July 06, 2024
3 Articles