Ulta Beauty Inc (NASDAQ:ULTA) CFO Scott M. Settersten sold 29,529 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $338.64, for a total transaction of $9,999,700.56. Following the completion of the sale, the chief financial officer now owns 7,737 shares of the company’s stock, valued at approximately $2,620,057.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NASDAQ:ULTA traded up $4.34 during mid-day trading on Thursday, hitting $335.13. 759,050 shares of the company’s stock traded hands, compared to its average volume of 821,214. Ulta Beauty Inc has a 1 year low of $199.15 and a 1 year high of $345.24. The company has a market capitalization of $19.62 billion, a P/E ratio of 30.89, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 14th. The specialty retailer reported $3.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.56 by $0.05. Ulta Beauty had a net margin of 9.80% and a return on equity of 36.09%. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the firm posted $2.75 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, sell-side analysts predict that Ulta Beauty Inc will post 12.78 EPS for the current year.
Several analysts have recently commented on ULTA shares. Loop Capital reduced their target price on shares of Ulta Beauty to $265.00 and set an “average” rating for the company in a research note on Friday, December 14th. They noted that the move was a valuation call. Citigroup began coverage on shares of Ulta Beauty in a research note on Wednesday, December 19th. They issued a “buy” rating for the company. BidaskClub cut shares of Ulta Beauty from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 28th. Nomura set a $305.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Monday, November 26th. Finally, UBS Group set a $335.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Friday, December 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $317.05.
Large investors have recently bought and sold shares of the business. Legacy Financial Advisors Inc. increased its holdings in Ulta Beauty by 1,270.0% during the 4th quarter. Legacy Financial Advisors Inc. now owns 137 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 127 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of 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 worth $40,000 after buying an additional 69 shares in the last quarter. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $53,000. Claybrook Capital LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $62,000. Finally, Executive Wealth Management LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $64,000. Hedge funds and other institutional investors own 89.34% of the company’s stock.
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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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