Ulta Beauty Inc (ULTA) Director Lorna Nagler Sells 4,167 Shares
Ulta Beauty Inc (NASDAQ:ULTA) Director Lorna Nagler sold 4,167 shares of Ulta Beauty stock in a transaction on Friday, March 17th. The shares were sold at an average price of $287.62, for a total transaction of $1,198,512.54. Following the completion of the transaction, the director now owns 9,095 shares in the company, valued at $2,615,903.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Ulta Beauty Inc (NASDAQ:ULTA) traded down 1.07% during mid-day trading on Monday, reaching $285.71. 655,616 shares of the company were exchanged. The company’s 50 day moving average price is $275.69 and its 200-day moving average price is $256.55. Ulta Beauty Inc has a 12 month low of $187.90 and a 12 month high of $289.27. The stock has a market capitalization of $17.77 billion, a P/E ratio of 43.82 and a beta of 0.65.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, March 9th. The company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.11. Ulta Beauty had a return on equity of 26.87% and a net margin of 8.31%. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the business earned $1.69 EPS. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. On average, equities analysts expect that Ulta Beauty Inc will post $8.07 earnings per share for the current fiscal year.
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A number of large investors have recently bought and sold shares of the stock. Mason Street Advisors LLC acquired a new stake in Ulta Beauty during the second quarter worth $2,049,000. Kentucky Retirement Systems acquired a new stake in Ulta Beauty during the second quarter worth $1,294,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Ulta Beauty during the second quarter worth $614,000. Macquarie Group Ltd. boosted its stake in Ulta Beauty by 30.9% in the second quarter. Macquarie Group Ltd. now owns 44,787 shares of the company’s stock worth $10,912,000 after buying an additional 10,584 shares during the period. Finally, First Mercantile Trust Co. acquired a new stake in Ulta Beauty during the third quarter worth $405,000. Institutional investors and hedge funds own 86.21% of the company’s stock.
A number of research analysts have commented on ULTA shares. Stifel Nicolaus lifted their price objective on shares of Ulta Beauty from $277.00 to $290.00 and gave the company a “hold” rating in a research note on Friday, December 2nd. Deutsche Bank AG restated a “hold” rating and issued a $280.00 price objective on shares of Ulta Beauty in a research note on Friday, December 2nd. Jefferies Group LLC lifted their price objective on shares of Ulta Beauty from $255.00 to $270.00 and gave the company a “hold” rating in a research note on Friday, December 2nd. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $300.00 price objective on shares of Ulta Beauty in a research note on Friday, December 2nd. Finally, Cowen and Company restated an “outperform” rating and issued a $296.00 price objective (up from $286.00) on shares of Ulta Beauty in a research note on Sunday, December 4th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $285.48.
About Ulta Beauty
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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