Negative comments from Ulta spread selling to other companies in the beauty space.
We're buying 30 shares of Procter & Gamble at roughly $156.41. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 520 shares of PG, increasing its weighting to 2.52% from 2.38%. Shares of Procter & Gamble were off more than 2% on Wednesday after Ulta 's downbeat comments about the beauty market at the JPMorgan Retail Round Up conference.
We don't think a quality stock like Procter & Gamble that sells a whole bunch of consumer products outside the beauty category should be down this much on Ulta's woes. We question how much of the softness Ulta is seeing is due to increased points of competition versus a big change to the industry. We're taking advantage of this weakness to upgrade our P & G rating back to 1 — buying buy back half the shares we trimmed around $159 in February.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
At Citizens Bank Park, new season, new bites: hoagies, new Schwarburger, ‘Always Sunny’ whiskey and morePhillies are bringing exciting new concessions to Citizens Bank Park, including hoagies and 'It's Always Sunny in Philadelphia' whiskey.
Read more »
New intermittent fasting study had 'surprisingly' negative resultsJustin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Read more »
New Zealand Dollar falls over half a percent on negative economic outlookThe New Zealand Dollar (NZD) is trading lower in most pairs, and is down by over half a percent against the US Dollar (USD) at just above 0.6000 on Friday, as a sluggish economic outlook weighs on the NZD.
Read more »
Ulta's 21 Days of Beauty Sale 2024: Save up to 50% Off Beauty EssentialsDuring the Ulta Beauty Semi-Annual Beauty Event (formerly known as Ulta's 21 Days of Beauty Sale), you can shop a daily refresh of deals up to 50% off. Shop Ulta Beauty's first-ever Semi-Annual savings event to save big.
Read more »
Ulta Beauty to leave downtown Naperville at month’s endUlta Beauty is leaving downtown Naperville at the end of the month.
Read more »
More discounts you may likeUlta is on a mission to make beauty and self-care inclusive for everyone. Their goal? To be the retailer and online store that steals the hearts of all beauty enthusiasts. Embracing the significance of self-expression, the thrill of exploration, and the rituals of self-care, Ulta is your go-to hub for beauty that resonates with all ages, genders, and skin tones. Don't miss out on the magic—explore our Ulta coupons and deals to snag fantastic savings on a dazzling array of beauty, skincare, and hair products.
Read more »