Insider Selling: Ulta Beauty Inc (ULTA) CEO Sells 120,949 Shares of Stock

Ulta Beauty Inc (NASDAQ:ULTA) CEO Mary N. Dillon sold 120,949 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $334.42, for a total transaction of $40,447,764.58. Following the transaction, the chief executive officer now directly owns 87,712 shares of the company’s stock, valued at approximately $29,332,647.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of NASDAQ:ULTA traded up $4.34 during trading on Thursday, reaching $335.13. The company’s stock had a trading volume of 759,050 shares, compared to its average volume of 821,214. Ulta Beauty Inc has a 12 month low of $199.15 and a 12 month high of $345.24. The company has a market cap of $19.62 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 1.42 and a beta of 1.01.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $3.61 EPS for the quarter, beating the Zacks’ consensus estimate of $3.56 by $0.05. The firm 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 firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.75 EPS. As a group, equities research analysts predict that Ulta Beauty Inc will post 12.78 earnings per share for the current fiscal year.

Several research analysts have commented on ULTA shares. BidaskClub downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Saturday, December 8th. Wells Fargo & Co dropped their price objective on shares of Ulta Beauty from $328.00 to $280.00 and set an “outperform” rating for the company in a report on Wednesday, January 2nd. Loop Capital increased their price objective on shares of Ulta Beauty from $265.00 to $300.00 and gave the company a “hold” rating in a report on Monday, March 4th. Nomura set a $305.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a report on Monday, November 26th. Finally, Morgan Stanley set a $330.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a report on Sunday, December 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Ulta Beauty has a consensus rating of “Buy” and a consensus target price of $317.05.

Large investors have recently modified their holdings of the company. Legacy Financial Advisors Inc. increased its holdings in Ulta Beauty by 1,270.0% during the fourth 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. increased its holdings in Ulta Beauty by 74.2% during the fourth 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 position in Ulta Beauty during the fourth quarter valued at approximately $53,000. Claybrook Capital LLC purchased a new position in Ulta Beauty during the fourth quarter valued at approximately $62,000. Finally, Executive Wealth Management LLC purchased a new position in Ulta Beauty during the fourth quarter valued at approximately $64,000. 89.34% of the stock is currently owned by institutional investors and hedge funds.

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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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