Ulta Beauty Inc (NASDAQ:ULTA) Director Charles Heilbronn Purchases 115,258 Shares

Ulta Beauty Inc (NASDAQ:ULTA) Director Charles Heilbronn bought 115,258 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was acquired at an average price of $236.41 per share, for a total transaction of $27,248,143.78. Following the completion of the acquisition, the director now directly owns 60,368 shares in the company, valued at $14,271,598.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Charles Heilbronn also recently made the following trade(s):

  • On Monday, September 30th, Charles Heilbronn bought 70,009 shares of Ulta Beauty stock. The stock was acquired at an average price of $248.66 per share, for a total transaction of $17,408,437.94.

Shares of Ulta Beauty stock traded up $6.25 during trading on Monday, hitting $250.65. The stock had a trading volume of 2,023,763 shares, compared to its average volume of 995,434. The stock has a 50 day simple moving average of $269.99 and a 200 day simple moving average of $326.61. The company has a market capitalization of $13.91 billion, a PE ratio of 23.10, a P/E/G ratio of 1.19 and a beta of 1.07. The company has a quick ratio of 0.57, a current ratio of 1.80 and a debt-to-equity ratio of 0.92. Ulta Beauty Inc has a 1 year low of $224.43 and a 1 year high of $368.83.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $2.76 EPS for the quarter, missing the Zacks’ consensus estimate of $2.79 by ($0.03). Ulta Beauty had a net margin of 9.86% and a return on equity of 37.04%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the firm posted $2.46 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities analysts expect that Ulta Beauty Inc will post 11.81 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Ulta Beauty by 0.5% during the second quarter. Vanguard Group Inc. now owns 5,897,787 shares of the specialty retailer’s stock valued at $2,045,883,000 after purchasing an additional 26,998 shares in the last quarter. BlackRock Inc. grew its position in Ulta Beauty by 5.3% during the second quarter. BlackRock Inc. now owns 4,166,032 shares of the specialty retailer’s stock valued at $1,445,154,000 after purchasing an additional 207,927 shares in the last quarter. FMR LLC grew its position in Ulta Beauty by 15.3% during the first quarter. FMR LLC now owns 2,262,297 shares of the specialty retailer’s stock valued at $788,932,000 after purchasing an additional 300,904 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Ulta Beauty by 13.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,774,253 shares of the specialty retailer’s stock valued at $615,471,000 after purchasing an additional 210,475 shares in the last quarter. Finally, Invesco Ltd. grew its position in Ulta Beauty by 46.1% during the second quarter. Invesco Ltd. now owns 1,532,011 shares of the specialty retailer’s stock valued at $531,439,000 after purchasing an additional 483,342 shares in the last quarter. 87.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on the stock. Cowen dropped their target price on shares of Ulta Beauty from $375.00 to $313.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Deutsche Bank boosted their target price on shares of Ulta Beauty from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, June 3rd. Guggenheim set a $325.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Friday, August 30th. Morgan Stanley downgraded shares of Ulta Beauty from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $395.00 to $275.00 in a report on Friday, August 30th. Finally, Atlantic Securities downgraded shares of Ulta Beauty from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $390.00 to $250.00 in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $299.29.

About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

See Also: Earnings Per Share

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

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