Ulta Beauty Inc (ULTA) Insider Sells $2,014,640.00 in Stock

Ulta Beauty Inc (NASDAQ:ULTA) insider Jeffrey J. Childs sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $251.83, for a total transaction of $2,014,640.00. Following the transaction, the insider now directly owns 13,534 shares of the company’s stock, valued at approximately $3,408,267.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ULTA traded down $1.03 during trading on Thursday, hitting $246.49. 39,125 shares of the company’s stock were exchanged, compared to its average volume of 1,204,694. Ulta Beauty Inc has a 1 year low of $187.96 and a 1 year high of $303.51. The company has a market cap of $15.16 billion, a P/E ratio of 30.11, a P/E/G ratio of 1.25 and a beta of 0.62.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, May 31st. The specialty retailer reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.22. Ulta Beauty had a net margin of 9.67% and a return on equity of 32.15%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the firm earned $1.91 earnings per share. Ulta Beauty’s revenue for the quarter was up 17.4% on a year-over-year basis. equities research analysts anticipate that Ulta Beauty Inc will post 10.84 EPS for the current year.

Ulta Beauty declared that its Board of Directors has authorized a stock repurchase plan on Thursday, March 15th that permits the company to repurchase $625.00 million in shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Several brokerages recently commented on ULTA. Goldman Sachs Group lowered shares of Ulta Beauty from a “buy” rating to a “neutral” rating and upped their price target for the stock from $241.00 to $272.00 in a research report on Tuesday, June 5th. BidaskClub lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Credit Suisse Group upped their price target on shares of Ulta Beauty from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, June 1st. BMO Capital Markets upped their price target on shares of Ulta Beauty from $220.00 to $230.00 and gave the stock a “market perform” rating in a research report on Friday, June 1st. Finally, Zacks Investment Research lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Thursday, May 31st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $263.38.

Several hedge funds have recently made changes to their positions in ULTA. Captrust Financial Advisors purchased a new position in shares of Ulta Beauty in the fourth quarter valued at $153,000. Optimum Investment Advisors purchased a new position in shares of Ulta Beauty in the first quarter valued at $163,000. Diversified Trust Co purchased a new position in shares of Ulta Beauty in the first quarter valued at $206,000. ACG Wealth purchased a new position in shares of Ulta Beauty in the fourth quarter valued at $216,000. Finally, Sapphire Star Partners LP purchased a new position in shares of Ulta Beauty in the fourth quarter valued at $224,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Ulta Beauty (NASDAQ:ULTA)

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