5 Best Beauty Stocks To Invest In

4. Ulta Beauty, Inc. (NASDAQ:ULTA)

Number of Q4 2023 Hedge Fund Shareholders: 49

Ulta Beauty, Inc. (NASDAQ:ULTA) is another diversified beauty company that sells skin care, hair care, perfurme, and other associated products. The firm’s shares are rated Buy on average, and the average share price target is $588.

During 2023’s fourth quarter, 49 out of the 933 hedge funds profiled by Insider Monkey had held a stake in the company. Ulta Beauty, Inc. (NASDAQ:ULTA)’s biggest hedge fund investor is D. E. Shaw’s D E Shaw due to its $176 million investment.

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