Billionaires Buffett and Griffin invest in Ulta Beauty amid stock sell-off and market challenges.

Billionaires Warren Buffett and Ken Griffin have invested in Ulta Beauty (ULTA), which has experienced a recent stock sell-off. Despite increased competition and market saturation, Ulta plans to open 200 new stores and has authorized a $3 billion share repurchase. Its stock trades at a low price-to-earnings ratio compared to the S&P 500. While challenges persist, Buffett and Griffin's support hints at potential long-term recovery for the company.

October 26, 2024
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