Mary Dillon Sells 33,955 Shares of Ulta Beauty Inc (ULTA) Stock
Ulta Beauty Inc (NASDAQ:ULTA) CEO Mary Dillon sold 33,955 shares of the business’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $286.05, for a total transaction of $9,712,827.75. Following the completion of the sale, the chief executive officer now directly owns 72,622 shares of the company’s stock, valued at $20,773,523.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Ulta Beauty Inc (NASDAQ:ULTA) traded down 1.07% on Monday, hitting $285.71. 655,616 shares of the company traded hands. Ulta Beauty Inc has a 12 month low of $187.90 and a 12 month high of $289.27. The firm has a market capitalization of $17.77 billion, a P/E ratio of 43.82 and a beta of 0.65. The stock’s 50-day moving average is $275.69 and its 200 day moving average is $256.55.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, March 9th. The company reported $2.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.14 by $0.11. Ulta Beauty had a net margin of 8.31% and a return on equity of 26.87%. The firm earned $1.58 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the business earned $1.69 earnings per share. Ulta Beauty’s revenue was up 24.6% compared to the same quarter last year. Equities analysts forecast that Ulta Beauty Inc will post $8.07 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in ULTA. Cim LLC boosted its stake in shares of Ulta Beauty by 3.2% in the third quarter. Cim LLC now owns 3,847 shares of the company’s stock worth $915,000 after buying an additional 118 shares in the last quarter. National Pension Service boosted its stake in shares of Ulta Beauty by 9.5% in the third quarter. National Pension Service now owns 50,898 shares of the company’s stock worth $12,113,000 after buying an additional 4,399 shares in the last quarter. Highland Capital Management LLC bought a new stake in shares of Ulta Beauty during the third quarter worth $423,000. Gulf International Bank UK Ltd boosted its stake in shares of Ulta Beauty by 4.6% in the third quarter. Gulf International Bank UK Ltd now owns 18,018 shares of the company’s stock worth $4,287,000 after buying an additional 800 shares in the last quarter. Finally, CenturyLink Investment Management Co bought a new stake in shares of Ulta Beauty during the third quarter worth $636,000. Hedge funds and other institutional investors own 86.21% of the company’s stock.
ULTA has been the subject of several research reports. Instinet boosted their price objective on shares of Ulta Beauty to $320.00 in a research report on Monday. Robert W. Baird set a $315.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Sunday, December 4th. BMO Capital Markets reissued a “buy” rating and issued a $295.00 price objective on shares of Ulta Beauty in a research report on Saturday, March 11th. Morgan Stanley reissued an “equal weight” rating and issued a $300.00 price objective (up from $290.00) on shares of Ulta Beauty in a research report on Monday, March 13th. Finally, Jefferies Group LLC boosted their price objective on shares of Ulta Beauty from $255.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, December 2nd. 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 stock. The company has a consensus 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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