Ulta Beauty Inc (NASDAQ:ULTA) CEO Mary Dillon sold 33,955 shares of Ulta Beauty stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $286.05, for a total transaction of $9,712,827.75. Following the sale, the chief executive officer now owns 72,622 shares of the company’s stock, valued at $20,773,523.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Ulta Beauty Inc (NASDAQ:ULTA) traded down 1.07% on Monday, reaching $285.71. 655,616 shares of the company were exchanged. The company has a 50-day moving average price of $275.69 and a 200 day moving average price of $256.55. Ulta Beauty Inc has a 1-year low of $187.90 and a 1-year high of $289.27. The stock has a market capitalization of $17.77 billion, a PE ratio of 43.82 and a beta of 0.65.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, March 9th. The company reported $2.24 EPS for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.11. Ulta Beauty had a net margin of 8.31% and a return on equity of 26.87%. The company earned $1.58 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company posted $1.69 EPS. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. On average, analysts forecast that Ulta Beauty Inc will post $8.07 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC increased its position in Ulta Beauty by 83.6% in the third quarter. Jennison Associates LLC now owns 2,029,500 shares of the company’s stock worth $482,980,000 after buying an additional 924,308 shares in the last quarter. Norges Bank bought a new position in Ulta Beauty during the fourth quarter worth approximately $146,350,000. Scopus Asset Management L.P. bought a new position in Ulta Beauty during the third quarter worth approximately $64,256,000. Putnam Investments LLC increased its position in Ulta Beauty by 13,876.6% in the fourth quarter. Putnam Investments LLC now owns 193,156 shares of the company’s stock worth $49,243,000 after buying an additional 191,774 shares in the last quarter. Finally, Alkeon Capital Management LLC increased its position in Ulta Beauty by 80.8% in the fourth quarter. Alkeon Capital Management LLC now owns 361,625 shares of the company’s stock worth $92,193,000 after buying an additional 161,625 shares in the last quarter. 86.21% of the stock is owned by institutional investors.
A number of equities research analysts have weighed in on the stock. Robert W. Baird set a $315.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Sunday, December 4th. Royal Bank of Canada set a $285.00 price target on shares of Ulta Beauty and gave the company a “sector perform” rating in a research report on Saturday, March 11th. Instinet lifted their price target on shares of Ulta Beauty to $320.00 in a research report on Monday. Cowen and Company reiterated an “outperform” rating and set a $311.00 price target (up from $296.00) on shares of Ulta Beauty in a research report on Monday, March 13th. Finally, Stifel Nicolaus lifted their price target on shares of Ulta Beauty from $277.00 to $290.00 and gave the company a “hold” rating in a research report on Friday, December 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $285.48.
About Ulta Beauty
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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