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.
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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