SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Ulta Beauty, Inc. (ULTA)

NEW YORK, Feb. 26, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ulta Beauty, Inc. ("Ulta" or the "Company") (NASDAQ: ULTA). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/ulta.

The investigation concerns whether Ulta and certain of its officers and/or directors have violated federal securities laws.

On February 9, 2018, post-market, media outlets reported that a consumer class action lawsuit had been filed against Ulta, alleging that the Company engaged in the "widespread and surreptitious" practice of repacking returned cosmetics and re-shelving them alongside unblemished products to sell at full price.  On this news, Ulta's share price fell $9.07, or 4.15%, to close at $209.48 on February 12, 2018, the following trading day.  On February 16, 2018, the law firm representing the plaintiff in the foregoing lawsuit issued a press release further publicizing the pendency of the lawsuit.  On this news, Ulta's share price fell $2.87, or 1.41%, over the following two trading days, closing at $201.13 on February 20, 2018.  Then, on February 23, 2018, CBS News published a story on its website entitled "Former Ulta Beauty employee says she felt pressured to resell used products," reporting on statements, initially made on Twitter by at least one former Ulta employee, to the effect that Ulta store managers frequently pressured the Company's employees to clean and resell used products.  Following publication of the CBS News article, Ulta's share price has fallen sharply during intraday trading on February 26, 2018.

If you are aware of any facts relating to this investigation, or purchased Ulta shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/ulta.   You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC

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