Charles Heilbronn Buys 127,889 Shares of Ulta Beauty Inc. (ULTA) Stock

Ulta Beauty Inc. (NASDAQ:ULTA) Director Charles Heilbronn bought 127,889 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The shares were bought at an average price of $195.21 per share, with a total value of $24,965,211.69. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Ulta Beauty Inc. (NASDAQ ULTA) opened at 202.28 on Wednesday. The company has a market cap of $12.43 billion, a price-to-earnings ratio of 26.93 and a beta of 0.57. Ulta Beauty Inc. has a 12-month low of $187.96 and a 12-month high of $314.86. The stock has a 50 day moving average of $220.31 and a 200 day moving average of $262.79.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. Ulta Beauty’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 earnings per share. On average, equities analysts expect that Ulta Beauty Inc. will post $8.38 earnings per share for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of ULTA. Fifth Third Bancorp grew its position in Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock valued at $114,000 after acquiring an additional 40 shares during the last quarter. Sun Life Financial INC grew its position in Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after acquiring an additional 419 shares during the last quarter. FNY Partners Fund LP bought a new position in Ulta Beauty in the first quarter valued at about $142,000. Lazard Asset Management LLC bought a new position in Ulta Beauty in the second quarter valued at about $157,000. Finally, QS Investors LLC grew its position in Ulta Beauty by 0.8% in the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after acquiring an additional 6 shares during the last quarter. 87.70% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. Oppenheimer Holdings, Inc. cut their target price on shares of Ulta Beauty from $250.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday. Goldman Sachs Group, Inc. (The) cut shares of Ulta Beauty from a “conviction-buy” rating to a “buy” rating and cut their target price for the company from $290.00 to $267.00 in a research note on Monday. Cleveland Research cut shares of Ulta Beauty from a “buy” rating to a “neutral” rating and upped their target price for the company from $189.50 to $314.00 in a research note on Thursday, October 12th. KeyCorp reiterated a “buy” rating and set a $270.00 target price (down from $300.00) on shares of Ulta Beauty in a research note on Tuesday, October 3rd. Finally, Robert W. Baird set a $295.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Sunday, October 1st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $276.33.

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.

Insider Buying and Selling by Quarter for Ulta Beauty (NASDAQ:ULTA)

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