Ulta Beauty Inc (NASDAQ:ULTA) Director Lorna Nagler sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $276.19, for a total value of $552,380.00. Following the completion of the transaction, the director now owns 7,923 shares in the company, valued at approximately $2,188,253.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

ULTA stock traded up $0.16 during midday trading on Monday, reaching $285.96. 985,200 shares of the company’s stock traded hands, compared to its average volume of 1,109,854. Ulta Beauty Inc has a 52 week low of $187.96 and a 52 week high of $288.97. The stock has a market capitalization of $17.08 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 1.42 and a beta of 0.72.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.05. Ulta Beauty had a net margin of 9.91% and a return on equity of 33.29%. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. analysts forecast that Ulta Beauty Inc will post 10.84 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN raised its holdings in Ulta Beauty by 4.1% during the 2nd quarter. Wells Fargo & Company MN now owns 743,233 shares of the specialty retailer’s stock valued at $173,515,000 after acquiring an additional 29,590 shares during the period. Capital One National Association bought a new stake in Ulta Beauty during the 2nd quarter valued at $205,000. Emerald Advisers Inc. PA bought a new stake in Ulta Beauty during the 2nd quarter valued at $1,141,000. Atria Investments LLC bought a new stake in Ulta Beauty during the 2nd quarter valued at $1,567,000. Finally, Exane Derivatives bought a new stake in Ulta Beauty during the 2nd quarter valued at $1,121,000. 90.68% of the stock is currently owned by institutional investors and hedge funds.

ULTA has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. BidaskClub raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Wells Fargo & Co set a $278.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Monday, August 20th. Finally, Buckingham Research lifted their price target on shares of Ulta Beauty from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, May 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Ulta Beauty has an average rating of “Buy” and an average target price of $266.72.

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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