Ulta Beauty Inc (ULTA) Director Sells $5,751,400.00 in Stock
Ulta Beauty Inc (NASDAQ:ULTA) Director Dennis K. Eck sold 20,000 shares of the stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $287.57, for a total transaction of $5,751,400.00. Following the completion of the sale, the director now directly owns 508,430 shares of the company’s stock, valued at approximately $146,209,215.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Ulta Beauty Inc (NASDAQ:ULTA) opened at 285.71 on Tuesday. The firm has a market capitalization of $17.77 billion, a price-to-earnings ratio of 43.82 and a beta of 0.65. Ulta Beauty Inc has a one year low of $187.90 and a one year high of $289.27. The firm’s 50-day moving average is $275.69 and its 200 day moving average is $256.55.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 9th. The company reported $2.24 earnings per share (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 firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the firm earned $1.69 EPS. The firm’s revenue was up 24.6% on a year-over-year basis. 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 made changes to their positions in the company. HMS Capital Management LLC purchased a new stake in shares of Ulta Beauty during the third quarter worth $1,417,000. BNP Paribas Arbitrage SA boosted its stake in shares of Ulta Beauty by 264.5% in the third quarter. BNP Paribas Arbitrage SA now owns 49,341 shares of the company’s stock worth $11,742,000 after buying an additional 35,806 shares during the last quarter. Morgan Stanley boosted its stake in shares of Ulta Beauty by 17.0% in the third quarter. Morgan Stanley now owns 411,444 shares of the company’s stock worth $97,917,000 after buying an additional 59,691 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Ulta Beauty during the third quarter worth $8,690,000. Finally, Virginia Retirement Systems ET AL boosted its stake in shares of Ulta Beauty by 34.1% in the third quarter. Virginia Retirement Systems ET AL now owns 70,800 shares of the company’s stock worth $16,849,000 after buying an additional 18,000 shares during the last quarter. 86.21% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on ULTA shares. Cowen and Company reissued an “outperform” rating and issued a $296.00 price objective (up previously from $286.00) on shares of Ulta Beauty in a research report on Sunday, December 4th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating on shares of Ulta Beauty in a report on Tuesday, December 20th. Loop Capital reaffirmed a “hold” rating and set a $285.00 price target on shares of Ulta Beauty in a report on Monday, March 6th. Robert W. Baird set a $315.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a report on Saturday, March 11th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and set a $279.00 price target on shares of Ulta Beauty in a report on Saturday, March 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price 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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