A Director at Ulta Beauty Inc (NASDAQ: ULTA) is Buying Shares

By Carrie Williams

Yesterday, a Director at Ulta Beauty Inc (ULTAResearch Report), Charles Heilbronn, bought shares of ULTA for $58.89M.

Following this transaction Charles Heilbronn’s holding in the company was increased by 15% to a total of $523 million. This is Heilbronn’s first Buy trade following 3 Sell transactions.

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Based on Ulta Beauty Inc’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $1.67 billion and quarterly net profit of $161 million. In comparison, last year the company earned revenue of $1.49 billion and had a net profit of $148 million. The company has a one-year high of $368.83 and a one-year low of $224.43. Currently, Ulta Beauty Inc has an average volume of 994.01K.

12 different firms, including Cowen & Co. and Credit Suisse, currently also have a Buy rating on the stock.

The insider sentiment on Ulta Beauty Inc has been positive according to 52 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Ulta Beauty, Inc. is a beauty retailer of cosmetics, fragrance, skin care products, hair care products, and salon services. It provides unmatched product breadth, value and convenience in a distinctive specialty retail environment. The company was founded in January 9, 1990 and is headquartered in Bolingbrook, IL.