Ulta Beauty Inc (ULTA) Director Sells $3,528,300.00 in Stock

Ulta Beauty Inc (NASDAQ:ULTA) Director Dennis K. Eck sold 10,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $352.83, for a total transaction of $3,528,300.00. Following the transaction, the director now directly owns 220,000 shares in the company, valued at $77,622,600. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

ULTA traded up $4.24 during midday trading on Friday, reaching $357.94. 503,131 shares of the company’s stock were exchanged, compared to its average volume of 747,177. The stock has a market cap of $20.80 billion, a P/E ratio of 32.99, a PEG ratio of 1.49 and a beta of 1.02. Ulta Beauty Inc has a 1-year low of $224.43 and a 1-year high of $359.69.

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

Several hedge funds and other institutional investors have recently modified their holdings of ULTA. Commonwealth Equity Services LLC grew its holdings in shares of Ulta Beauty by 14.5% during the third quarter. Commonwealth Equity Services LLC now owns 3,242 shares of the specialty retailer’s stock worth $914,000 after buying an additional 411 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Ulta Beauty by 24.7% in the third quarter. Janus Henderson Group PLC now owns 42,969 shares of the specialty retailer’s stock valued at $12,122,000 after purchasing an additional 8,523 shares during the period. Bank of New York Mellon Corp grew its holdings in Ulta Beauty by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 847,947 shares of the specialty retailer’s stock valued at $239,223,000 after purchasing an additional 20,257 shares during the period. PNC Financial Services Group Inc. grew its holdings in Ulta Beauty by 8.4% in the third quarter. PNC Financial Services Group Inc. now owns 22,065 shares of the specialty retailer’s stock valued at $6,225,000 after purchasing an additional 1,701 shares during the period. Finally, American International Group Inc. grew its holdings in Ulta Beauty by 4.0% in the third quarter. American International Group Inc. now owns 27,573 shares of the specialty retailer’s stock valued at $7,779,000 after purchasing an additional 1,067 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

Several research firms have recently commented on ULTA. Oppenheimer raised their target price on shares of Ulta Beauty to $400.00 and gave the stock an “outperform” rating in a research note on Friday. Piper Jaffray Companies raised their target price on shares of Ulta Beauty from $362.00 to $378.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Robert W. Baird restated an “outperform” rating and issued a $395.00 target price (up previously from $365.00) on shares of Ulta Beauty in a research note on Thursday, April 18th. JPMorgan Chase & Co. raised their target price on shares of Ulta Beauty from $345.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, Credit Suisse Group raised their target price on shares of Ulta Beauty to $380.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $338.30.

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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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