Insider Selling: Ulta Beauty Inc (ULTA) Director Sells 35,000 Shares of Stock
Ulta Beauty Inc (NASDAQ:ULTA) Director Dennis K. Eck sold 35,000 shares of Ulta Beauty stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $287.15, for a total transaction of $10,050,250.00. Following the transaction, the director now directly owns 361,294 shares in the company, valued at $103,745,572.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Ulta Beauty stock traded down $3.11 during trading on Thursday, hitting $280.52. 979,600 shares of the stock were exchanged, compared to its average volume of 1,109,406. The firm has a market capitalization of $17.14 billion, a PE ratio of 34.38, a P/E/G ratio of 1.42 and a beta of 0.73. Ulta Beauty Inc has a 1-year low of $187.96 and a 1-year high of $290.30.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.05. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. Ulta Beauty had a net margin of 9.91% and a return on equity of 33.29%. sell-side analysts anticipate that Ulta Beauty Inc will post 10.84 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank increased its stake in shares of Ulta Beauty by 120.0% during the 2nd quarter. Huntington National Bank now owns 440 shares of the specialty retailer’s stock worth $103,000 after purchasing an additional 240 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Ulta Beauty during the 2nd quarter worth about $151,000. Dupont Capital Management Corp acquired a new position in shares of Ulta Beauty during the 2nd quarter worth about $162,000. Optimum Investment Advisors acquired a new position in shares of Ulta Beauty during the 1st quarter worth about $163,000. Finally, Bridgewater Associates LP acquired a new position in shares of Ulta Beauty during the 2nd quarter worth about $201,000. Institutional investors own 90.68% of the company’s stock.
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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