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Insider Sale: Director MRKONIC GEORGE R JR Sells Shares of Ulta Beauty Inc (ULTA)

GuruFocus Research
·1-min read

Director MRKONIC GEORGE R JR sold 397 shares of Ulta Beauty Inc (NASDAQ:ULTA) on June 4, 2024, as reported in the SEC Filing. Following this transaction, the insider now owns 2,000 shares of the company.

Ulta Beauty Inc (NASDAQ:ULTA) operates as a beauty retailer in the United States. The company offers cosmetics, fragrance, skin and hair care products, and salon services, catering to the beauty needs of various consumers.

Over the past year, MRKONIC GEORGE R JR has engaged in multiple transactions involving the company's stock, selling a total of 397 shares and purchasing none. This recent sale is part of a broader trend observed within the company, where there have been no insider buys but seven insider sells over the same timeframe.

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Shares of Ulta Beauty Inc were priced at $389.34 on the day of the transaction. The company's market cap is approximately $18.47 billion. The price-earnings ratio stands at 15.10, which is below both the industry median of 18.01 and the companys historical median.

According to the GF Value, the intrinsic value of Ulta Beauty Inc is estimated at $574.36 per share, suggesting that the stock is significantly undervalued with a price-to-GF-Value ratio of 0.68.

Insider Sale: Director MRKONIC GEORGE R JR Sells Shares of Ulta Beauty Inc (ULTA)
Insider Sale: Director MRKONIC GEORGE R JR Sells Shares of Ulta Beauty Inc (ULTA)

The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.

Insider Sale: Director MRKONIC GEORGE R JR Sells Shares of Ulta Beauty Inc (ULTA)
Insider Sale: Director MRKONIC GEORGE R JR Sells Shares of Ulta Beauty Inc (ULTA)

This insider sale could be of interest to investors tracking insider behaviors and evaluating the stocks valuation metrics against its current market price.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.