Ulta Beauty Inc. recently saw some notable changes in it's shares ownership and is projected to continue gaining the attention of various investors who are exploiting the company's remarkable growth. Investment firms
Atria Investments Inc. and
Bank of New Hampshire reduced their stakes while
Lazard Asset Management LLC and
iA Global Asset Management Inc. sold a substantial amount of shares. Nonetheless,
Swedbank AB showed confidence by making a $60.67 million position. The company didn't lack in operational activities,
raising $2.4 million for BBBS' youth wellness scheme. Its services expanded through their partnership with
DoorDash to offer on-demand beauty products and with Pact Collective on fleetwide recycling program. They've released an improved in-house Ulta Beauty Collection with a new Gen-Z focus and numerous brands have launched and expanded their offerings at Ulta Beauty, including new and refreshed brands set to complement Tanger Outlets Fort Worth's store lineup. Despite a slump due to a lacklustre Q1 demand and guidance cut, subsequent shares rose by 11%. The company stated they are making efforts to improve sales and customer experience, regardless of increased industry competition, and plans to boost expansion into Mexico by 2025.
Ulta Beauty ULTA News Analytics from Tue, 16 Jan 2024 08:00:00 GMT to Sun, 04 Aug 2024 21:36:48 GMT -
Rating 3
- Innovation 5
- Information 6
- Rumor -1
