BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased Ulta Beauty, Inc. (“Ulta Beauty” or the “Company”) (NASDAQ: ULTA) securities between March 30, 2016 and February 23, 2018, inclusive (the “Class Period”). Ulta Beauty investors have until May 1, 2018 to file a lead plaintiff motion.
Investors suffering losses on their Ulta Beauty investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to firstname.lastname@example.org.
On February 9, 2018, media outlets reported allegations 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, thereby injuring investors.
The complaint filed in this class action alleges that the Company issued false and/or misleading statements and/or failed to disclose that: (1) Ulta Beauty was engaged in the widespread practice of repackaging returned cosmetics and re-shelving them alongside unblemished products to sell at full retail price; and (2) as a result, Ulta Beauty's public statements were materially false and misleading at all relevant times.
If you purchased shares of Ulta Beauty, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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