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.

A number of equities analysts have recently weighed in on ULTA shares. UBS Group assumed coverage on shares of Ulta Beauty in a research report on Wednesday, May 16th. They set a “buy” rating and a $290.00 price target on the stock. Zacks Investment Research upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $280.00 price objective on the stock in a report on Wednesday, May 16th. OTR Global upgraded shares of Ulta Beauty to a “positive” rating in a report on Monday, May 21st. Telsey Advisory Group lifted their price target on shares of Ulta Beauty from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, May 25th. Finally, Jefferies Financial Group set a $285.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Tuesday, May 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $267.92.

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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