Ulta Beauty Inc (ULTA) Insider Sells $3,257,764.73 in Stock

Ulta Beauty Inc (NASDAQ:ULTA) insider Jeffrey J. Childs sold 9,757 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $333.89, for a total transaction of $3,257,764.73. Following the completion of the sale, the insider now owns 13,671 shares of the company’s stock, valued at approximately $4,564,610.19. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Ulta Beauty stock traded up $4.34 during mid-day trading on Thursday, hitting $335.13. The stock had a trading volume of 757,705 shares, compared to its average volume of 954,110. Ulta Beauty Inc has a 12-month low of $199.15 and a 12-month high of $345.24. The stock has a market cap of $19.62 billion, a price-to-earnings ratio of 30.89, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.56 by $0.05. Ulta Beauty had a net margin of 9.80% and a return on equity of 36.09%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the prior year, the company posted $2.75 EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, research analysts forecast that Ulta Beauty Inc will post 12.78 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of ULTA. Legacy Financial Advisors Inc. grew its stake in shares of Ulta Beauty by 1,270.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 137 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 127 shares during the period. Bronfman E.L. Rothschild L.P. grew its stake in shares of Ulta Beauty by 74.2% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 162 shares of the specialty retailer’s stock valued at $40,000 after buying an additional 69 shares during the period. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $53,000. Claybrook Capital LLC purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $62,000. Finally, Executive Wealth Management LLC purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $64,000. 89.34% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on ULTA. Nomura increased their price objective on shares of Ulta Beauty from $311.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Loop Capital increased their price objective on shares of Ulta Beauty to $340.00 and gave the company a “hold” rating in a report on Monday. They noted that the move was a valuation call. Morgan Stanley increased their price objective on shares of Ulta Beauty from $330.00 to $355.00 and gave the company an “overweight” rating in a report on Monday. Jefferies Financial Group increased their price objective on shares of Ulta Beauty from $335.00 to $357.00 and gave the company a “buy” rating in a report on Friday, March 15th. Finally, Zacks Investment Research downgraded shares of Ulta Beauty from a “hold” rating to a “sell” rating in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $317.05.

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About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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