Warren Buffett's Berkshire Hathaway sold most of its Ulta Beauty shares, surprising investors.

Warren Buffett's Berkshire Hathaway sold over 95% of its Ulta Beauty shares in the third quarter, surprising investors given Buffett's long-term investment strategy. Despite recent challenges like slowed sales growth and increased competition, Ulta Beauty has competitive advantages such as large stores, salons, and loyalty programs. The company outlined ambitious long-term goals and remains attractively valued, suggesting potential for recovery and growth.

November 18, 2024
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