Ulta Beauty Inc (NASDAQ:ULTA) Director Dennis K. Eck sold 3,500 shares of the company’s stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $251.53, for a total value of $880,355.00. Following the transaction, the director now directly owns 380,294 shares of the company’s stock, valued at $95,655,349.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ ULTA opened at $238.75 on Wednesday. Ulta Beauty Inc has a 52 week low of $187.96 and a 52 week high of $289.85. The company has a market cap of $15.03 billion, a P/E ratio of 29.26, a P/E/G ratio of 1.24 and a beta of 0.62.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, May 31st. The specialty retailer reported $2.70 EPS for the quarter, beating the consensus estimate of $2.48 by $0.22. Ulta Beauty had a return on equity of 32.15% and a net margin of 9.67%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the firm posted $1.91 earnings per share. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. equities analysts predict that Ulta Beauty Inc will post 10.84 EPS for the current fiscal year.
Ulta Beauty announced that its board has initiated a share buyback plan on Thursday, March 15th that allows the company to repurchase $625.00 million in shares. This repurchase authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC acquired a new stake in shares of Ulta Beauty in the first quarter valued at approximately $280,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ulta Beauty in the first quarter valued at approximately $1,165,000. Private Vista LLC lifted its position in shares of Ulta Beauty by 19.1% in the first quarter. Private Vista LLC now owns 37,452 shares of the specialty retailer’s stock valued at $7,650,000 after buying an additional 5,997 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of Ulta Beauty in the first quarter valued at approximately $206,000. Finally, Trust Investment Advisors lifted its position in shares of Ulta Beauty by 28.7% in the first quarter. Trust Investment Advisors now owns 3,270 shares of the specialty retailer’s stock valued at $668,000 after buying an additional 730 shares during the last quarter. 90.10% of the stock is owned by institutional investors.
Several research firms have recently weighed in on ULTA. BMO Capital Markets upped their price objective on Ulta Beauty from $220.00 to $230.00 and gave the stock a “market perform” rating in a research report on Friday, June 1st. Piper Jaffray Companies set a $212.00 price objective on Ulta Beauty and gave the stock a “hold” rating in a research report on Thursday, March 15th. Vetr cut Ulta Beauty from a “buy” rating to a “hold” rating and set a $206.73 price objective for the company. in a research report on Monday, March 12th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $260.00 price objective (down from $300.00) on shares of Ulta Beauty in a research report on Friday, March 16th. Finally, Oppenheimer raised Ulta Beauty from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 15th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $264.96.
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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