Robert F. Diromualdo Sells 66,902 Shares of Ulta Beauty Inc (NASDAQ:ULTA) Stock

Ulta Beauty Inc (NASDAQ:ULTA) Director Robert F. Diromualdo sold 66,902 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $338.69, for a total value of $22,659,038.38. Following the sale, the director now directly owns 5,304 shares of the company’s stock, valued at $1,796,411.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of ULTA traded down $3.45 on Friday, hitting $350.88. The company’s stock had a trading volume of 568,164 shares, compared to its average volume of 605,615. Ulta Beauty Inc has a fifty-two week low of $224.43 and a fifty-two week high of $359.69. The firm has a market capitalization of $20.63 billion, a PE ratio of 32.34, a P/E/G ratio of 1.49 and a beta of 1.02.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $3.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.56 by $0.05. Ulta Beauty had a return on equity of 36.09% and a net margin of 9.80%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the previous year, the firm earned $2.75 EPS. Ulta Beauty’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, research analysts anticipate that Ulta Beauty Inc will post 12.78 EPS for the current fiscal year.

A number of analysts have recently commented on ULTA shares. Wells Fargo & Co lowered their price target on Ulta Beauty from $328.00 to $280.00 and set an “outperform” rating for the company in a research note on Wednesday, January 2nd. BidaskClub raised Ulta Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. Loop Capital upped their price target on Ulta Beauty from $265.00 to $300.00 and gave the company a “hold” rating in a research note on Monday, March 4th. UBS Group upped their price target on Ulta Beauty from $310.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 11th. Finally, Nomura reaffirmed a “neutral” rating and issued a $311.00 price target (up from $305.00) on shares of Ulta Beauty in a research note on Tuesday, February 19th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $335.30.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Financial Gravity Wealth Inc. acquired a new position in Ulta Beauty during the 1st quarter worth approximately $66,000. Starfire Investment Advisers Inc. acquired a new stake in shares of Ulta Beauty in the 1st quarter valued at approximately $348,000. Strs Ohio boosted its holdings in shares of Ulta Beauty by 119.3% in the 1st quarter. Strs Ohio now owns 157,381 shares of the specialty retailer’s stock valued at $54,883,000 after buying an additional 85,619 shares during the last quarter. Brookstone Capital Management acquired a new stake in shares of Ulta Beauty in the 1st quarter valued at approximately $214,000. Finally, Bfsg LLC acquired a new stake in shares of Ulta Beauty in the 1st quarter valued at approximately $404,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

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Ulta Beauty Company Profile

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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