Ulta Beauty (NASDAQ:ULTA) Stock Price Up 6.1% Following Insider Buying Activity

Ulta Beauty Inc (NASDAQ:ULTA) shares rose 6.1% during trading on Tuesday following insider buying activity. The company traded as high as $267.25 and last traded at $265.99, approximately 4,207,846 shares were traded during mid-day trading. An increase of 315% from the average daily volume of 1,013,079 shares. The stock had previously closed at $250.65.

Specifically, Director Charles Heilbronn purchased 115,258 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was purchased at an average cost of $236.41 per share, with a total value of $27,248,143.78. Following 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 filing with the SEC, which is available through the SEC website. Also, CEO Mary N. Dillon purchased 1,300 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was purchased at an average cost of $237.17 per share, with a total value of $308,321.00. Following the completion of the acquisition, the chief executive officer now owns 79,256 shares in the company, valued at $18,797,145.52. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 186,567 shares of company stock valued at $44,964,903. 4.20% of the stock is owned by insiders.

ULTA has been the subject of several analyst reports. Cowen cut their price target on shares of Ulta Beauty from $375.00 to $313.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Credit Suisse Group cut their price target on shares of Ulta Beauty from $380.00 to $286.00 and set an “outperform” rating for the company in a report on Friday, August 30th. UBS Group cut their price target on shares of Ulta Beauty from $365.00 to $300.00 and set a “buy” rating for the company in a report on Friday, August 30th. Piper Jaffray Companies downgraded shares of Ulta Beauty from an “overweight” rating to a “neutral” rating and cut their price target for the company from $360.00 to $250.00 in a report on Friday, August 30th. Finally, William Blair downgraded shares of Ulta Beauty to a “buy” rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company. Ulta Beauty presently has a consensus rating of “Hold” and a consensus target price of $299.29.

The company has a current ratio of 1.80, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $14.38 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.24 and a beta of 1.08. The business’s fifty day moving average price is $268.33 and its 200-day moving average price is $326.36.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Legacy Advisors LLC purchased a new position in Ulta Beauty in the 2nd quarter worth $26,000. Commonwealth Bank of Australia raised its position in Ulta Beauty by 79.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 86 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 38 shares during the period. Next Capital Management LLC raised its position in Ulta Beauty by 206.7% in the 2nd quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 62 shares during the period. NEXT Financial Group Inc raised its position in Ulta Beauty by 42.0% in the 2nd quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 29 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new position in Ulta Beauty in the 2nd quarter worth $34,000. 87.80% of the stock is owned by institutional investors.

Ulta Beauty Company Profile (NASDAQ:ULTA)

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.

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