Ulta Beauty Inc (ULTA) Director Lorna Nagler Sells 4,167 Shares
Ulta Beauty Inc (NASDAQ:ULTA) Director Lorna Nagler sold 4,167 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 9,095 shares in the company, valued at approximately $2,615,903.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Ulta Beauty Inc (NASDAQ:ULTA) traded down 1.07% during midday trading on Monday, hitting $285.71. 655,616 shares of the stock traded hands. Ulta Beauty Inc has a 12-month low of $187.90 and a 12-month high of $289.27. The firm’s 50 day moving average price is $275.69 and its 200 day moving average price is $256.55. The company has a market capitalization of $17.77 billion, a PE ratio of 43.82 and a beta of 0.65.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, March 9th. The company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.11. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.54 billion. Ulta Beauty had a net margin of 8.31% and a return on equity of 26.87%. Ulta Beauty’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.69 earnings per share. Analysts expect that Ulta Beauty Inc will post $8.07 EPS for the current year.
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Several equities analysts recently weighed in on the stock. 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 Saturday, March 11th. Royal Bank of Canada set a $285.00 price target on shares of Ulta Beauty and gave the company a “sector perform” rating in a research report on Saturday, March 11th. Jefferies Group LLC reissued a “hold” rating and issued a $266.00 price target (down previously from $270.00) on shares of Ulta Beauty in a research report on Saturday, March 11th. BMO Capital Markets reissued a “buy” rating and issued a $295.00 price target on shares of Ulta Beauty in a research report on Saturday, March 11th. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $279.00 price target 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 assigned a buy rating to the company’s stock. Ulta Beauty has an average rating of “Hold” and a consensus target price of $285.48.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mason Street Advisors LLC acquired a new position in Ulta Beauty during the second quarter worth approximately $2,049,000. Kentucky Retirement Systems acquired a new position in Ulta Beauty during the second quarter worth approximately $1,294,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Ulta Beauty during the second quarter worth approximately $614,000. Macquarie Group Ltd. raised its position 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 in the last quarter. Finally, First Mercantile Trust Co. acquired a new position in Ulta Beauty during the third quarter worth approximately $405,000. Institutional investors own 86.21% of the company’s stock.
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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