Sally E. Blount Purchases 250 Shares of Ulta Beauty Inc (NASDAQ:ULTA) Stock

Ulta Beauty Inc (NASDAQ:ULTA) Director Sally E. Blount bought 250 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was purchased at an average price of $193.00 per share, with a total value of $48,250.00. Following the transaction, the director now owns 1,239 shares in the company, valued at approximately $239,127. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NASDAQ:ULTA opened at $203.42 on Wednesday. Ulta Beauty Inc has a twelve month low of $124.05 and a twelve month high of $368.83. The company has a current ratio of 2.49, a quick ratio of 1.27 and a debt-to-equity ratio of 1.45. The company has a 50-day moving average of $222.73 and a 200-day moving average of $235.19. The firm has a market cap of $10.70 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 2.71 and a beta of 1.47.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, May 28th. The specialty retailer reported ($1.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($2.00). Ulta Beauty had a net margin of 6.37% and a return on equity of 24.36%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the business posted $3.26 EPS. The business’s revenue for the quarter was down 32.7% on a year-over-year basis. On average, research analysts forecast that Ulta Beauty Inc will post 4.89 earnings per share for the current year.

Ulta Beauty declared that its board has authorized a stock buyback plan on Thursday, March 12th that allows the company to buyback $1.60 billion in shares. This buyback authorization allows the specialty retailer to buy up to 12.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Several large investors have recently bought and sold shares of the company. CWM LLC boosted its holdings in shares of Ulta Beauty by 58.9% in the first quarter. CWM LLC now owns 151 shares of the specialty retailer’s stock worth $27,000 after buying an additional 56 shares during the period. Bray Capital Advisors acquired a new position in shares of Ulta Beauty in the first quarter worth about $31,000. Harbor Investment Advisory LLC boosted its holdings in shares of Ulta Beauty by 60.4% in the first quarter. Harbor Investment Advisory LLC now owns 178 shares of the specialty retailer’s stock worth $31,000 after buying an additional 67 shares during the period. Quantbot Technologies LP acquired a new position in shares of Ulta Beauty in the fourth quarter worth about $32,000. Finally, Ironwood Wealth Management LLC. boosted its holdings in shares of Ulta Beauty by 2,316.7% in the fourth quarter. Ironwood Wealth Management LLC. now owns 145 shares of the specialty retailer’s stock worth $37,000 after buying an additional 139 shares during the period. Institutional investors own 86.96% of the company’s stock.

ULTA has been the subject of several research reports. Nomura Securities reiterated a “hold” rating and issued a $190.00 target price on shares of Ulta Beauty in a research report on Sunday, April 19th. Credit Suisse Group reduced their price objective on Ulta Beauty from $286.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday, March 10th. Wells Fargo & Co boosted their price objective on Ulta Beauty from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Zacks Investment Research upgraded Ulta Beauty from a “strong sell” rating to a “hold” rating and set a $255.00 price objective for the company in a research report on Wednesday, May 27th. Finally, Citigroup upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Friday, March 20th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $258.41.

Ulta Beauty Company Profile

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.

Featured Article: How to calculate the annual rate of depreciation

Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.