Berkshire Hathaway Buys Ulta Shares
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Berkshire HathawayYahoo Finance
•Warren Buffett's Berkshire Hathaway offers 'big stamp of approval' to beauty retailer Ulta
81% Informative
Berkshire Hathaway bought 690,106 Ulta shares in the beauty retailer in the second quarter .
The move is "a big stamp of approval," BMO Capital Markets managing director and senior analyst Simeon Siegel said.
Ulta Beauty CEO Dave Kimbell warned investors of "a slowdown in the total category across price points and segments".
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