Ulta Beauty Inc (ULTA) Director Sells $2,869,886.96 in Stock
Ulta Beauty Inc (NASDAQ:ULTA) Director Dennis K. Eck sold 10,001 shares of the business’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,886.96. Following the transaction, the director now directly owns 483,530 shares in the company, valued at $138,753,768.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Ulta Beauty Inc (NASDAQ:ULTA) traded down 1.07% during mid-day trading on Monday, hitting $285.71. 655,616 shares of the company’s stock were exchanged. Ulta Beauty Inc has a 52 week low of $187.90 and a 52 week high of $289.27. The company has a market capitalization of $17.77 billion, a price-to-earnings ratio of 43.82 and a beta of 0.65. The firm has a 50 day moving average price of $275.69 and a 200-day moving average price of $256.55.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 9th. The company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.14 by $0.11. Ulta Beauty had a return on equity of 26.87% and a net margin of 8.31%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $1.69 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, equities analysts anticipate that Ulta Beauty Inc will post $8.07 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in ULTA. Norges Bank bought a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $146,350,000. Putnam Investments LLC increased its position in shares of Ulta Beauty by 13,876.6% in the fourth quarter. Putnam Investments LLC now owns 193,156 shares of the company’s stock valued at $49,243,000 after buying an additional 191,774 shares during the period. Numeric Investors LLC increased its position in shares of Ulta Beauty by 677.3% in the fourth quarter. Numeric Investors LLC now owns 17,100 shares of the company’s stock valued at $4,359,000 after buying an additional 14,900 shares during the period. Advantage Investment Management LLC bought a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $144,000. Finally, Thrivent Financial for Lutherans increased its position in shares of Ulta Beauty by 9.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 22,730 shares of the company’s stock valued at $5,795,000 after buying an additional 2,030 shares during the period. Institutional investors own 86.21% of the company’s stock.
A number of research firms have recently commented on ULTA. Instinet boosted their target price on shares of Ulta Beauty to $320.00 in a research report on Monday. Morgan Stanley reissued an “equal weight” rating and set a $300.00 target price (up from $290.00) on shares of Ulta Beauty in a research report on Monday, March 13th. Cowen and Company reissued an “outperform” rating and set a $311.00 target price (up from $296.00) on shares of Ulta Beauty in a research report on Monday, March 13th. BMO Capital Markets reissued a “buy” rating and set a $295.00 target price on shares of Ulta Beauty in a research report on Saturday, March 11th. Finally, Wells Fargo & Co reissued a “hold” rating and set a $279.00 target price on shares of Ulta Beauty in a research report on Saturday, March 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. Ulta Beauty currently has an average rating of “Hold” and an average price target of $285.48.
Ulta Beauty Company Profile
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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