Ulta Beauty Inc. (ULTA) Director Michael R. Macdonald Buys 2,000 Shares of Stock
Ulta Beauty Inc. (NASDAQ:ULTA) Director Michael R. Macdonald acquired 2,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was acquired at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the purchase, the director now owns 6,224 shares of the company’s stock, valued at approximately $1,296,894.88. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Ulta Beauty Inc. (NASDAQ ULTA) traded up 2.217% during trading on Thursday, reaching $218.305. 1,365,696 shares of the company traded hands. The firm has a 50-day moving average price of $249.47 and a 200-day moving average price of $277.02. The firm has a market capitalization of $13.52 billion, a PE ratio of 29.061 and a beta of 0.57. Ulta Beauty Inc. has a 12 month low of $208.25 and a 12 month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. Equities research analysts anticipate that Ulta Beauty Inc. will post $8.38 EPS for the current year.
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A number of large investors have recently bought and sold shares of the company. Fifth Third Bancorp increased its stake in shares of Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 40 shares in the last quarter. Sun Life Financial INC boosted its position in Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after buying an additional 419 shares in the last quarter. FNY Partners Fund LP acquired a new position in Ulta Beauty during the first quarter worth about $142,000. Lazard Asset Management LLC acquired a new position in Ulta Beauty during the second quarter worth about $157,000. Finally, NEXT Financial Group Inc boosted its position in Ulta Beauty by 18.0% in the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock worth $159,000 after buying an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 87.15% of the company’s stock.
ULTA has been the topic of a number of recent analyst reports. Goldman Sachs Group Inc upgraded shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $310.00 price target on the stock in a research note on Friday, July 14th. Wells Fargo & Company reiterated a “market perform” rating and set a $290.00 price target on shares of Ulta Beauty in a research note on Wednesday, July 5th. Edward Jones lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. BidaskClub lowered shares of Ulta Beauty from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating on shares of Ulta Beauty in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company. Ulta Beauty currently has a consensus rating of “Hold” and a consensus price target of $285.52.
Ulta Beauty Company Profile
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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