Weekly Top Insider Buys: Staples Inc., The Kroger Co., AmTrust Financial Services Inc., ULTA Salon, Cosmetics & Fragrance Inc., and Solutia Inc.

Weekly Top Insider Buys

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Jun 28, 2009
Weekly highlight of top insider buys: Staples Inc. (SPLS, Financial), The Kroger Co. (KR, Financial), AmTrust Financial Services Inc. (AFSI, Financial), ULTA Salon, Cosmetics & Fragrance Inc. (ULTA, Financial), and Solutia Inc. (SOA, Financial)

For the complete list of stocks that bought by their company executives, go to: Insider Buys.

Staples Inc. (SPLS): Director Robert E Sulentic Bought 10,000 Shares

Director of Staples Inc., Robert E Sulentic, bought 10,000 shares on 6/22/2009 at an average price of $20.6.

Staples.com is creating a leading business-to-business electronic marketplace offering products for all of the office needs of business customers. Staples.com provides an electronic marketplace where businesses can procure office products and business services and obtain business information and expert content. Staples Inc. has a market cap of $14.73 billion; its shares were traded at around $20.6 with a P/E ratio of 17.1 and P/S ratio of 0.6. The dividend yield of Staples Inc. stocks is 0.4%. Staples Inc. had an annual average earning growth of 15.6% over the past 10 years. GuruFocus rated Staples Inc. the business predictability rank of 4.5-star.

On May27, 2009, Staples, Inc. announced the results for its first quarter ended May 2, 2009. Total company sales, including the results of Corporate Express, increased 19 percent to $5.8 billion compared to the first quarter of 2008. Net income attributed to the controlling interests declined 33 percent year over year to $143 million.

Staples Inc. is owned by 4 Gurus. They are Arnold Van Den Berg, Kenneth Fisher, David Dreman, and Chris Davis.

Last week, Buy: Director Robert E Sulentic bought 10,000 shares of SPLS stock and the price of the stock has increased by 2.69%. Sell: President, NA Delivery Joseph Doody and Sell: Vice Chairman John Mahoney both sold shares this month; the price has increased by more than 4%.

The Kroger Co. (KR): Director James A Runde Bought 3,000 Shares

Director of The Kroger Co., James A Runde, bought 3,000 shares on 6/26/2009 at an average price of $22.38.

Kroger Company is a grocery retailer. The company manufactures and processes food for sale by its supermarkets and intends to develop new food and convenience store locations. The Kroger Co. has a market cap of $14.6 billion; its shares were traded at around $22.38 with a P/E ratio of 11.6 and P/S ratio of 0.2. The dividend yield of The Kroger Co. stocks is 1.7%. The Kroger Co. had an annual average earning growth of 7.1% over the past 5 years.

On June 23, 2009, The Kroger Co. reported net earnings totaled $435.1 million, for the first quarter of fiscal 2009 ended May 23, 2009, compared with net earnings of $386.0 million, or $0.58 per diluted share, in the same period last year. Total sales, including fuel, in the first quarter were $22.8 billion compared with $23.1 billion for the same period last year.

The Kroger Co. is in the portfolios of Jean-Marie Eveillard and Ken Heebner. Andreas Halvorsen sold out his holdings in the quarter that ended in March.

Buy: Director James A Runde bought 3,000 shares of KR stock this month; the price of the stock has increased by 0.63% since. In December , Sell: Vice President & Controller Oflen Mary Elizabeth Van sold 1,110 shares. The price decreased more than 13%.

AmTrust Financial Services Inc. (AFSI): Director Donald T Decarlo Bought 7,000 Shares

Director of AmTrust Financial Services Inc., Donald T Decarlo, bought 7,000 shares on 6/23/2009 at an average price of $11.7.

AmTrust Financial Services Inc. is a multinational property and casualty insurer specializing in coverage for small businesses with a reputation as an innovative technology driven insurance company. AmTrust Financial Services Inc. has a market cap of $694.3 million; its shares were traded at around $11.7 with a P/E ratio of 5.5 and P/S ratio of 1.2. The dividend yield of AmTrust Financial Services Inc. stocks is 1.7%.

AmTrust Financial Services Inc. recently reported operating earnings of $30.2 million for the first quarter of 2009. Operating earnings is a non-GAAP financial measure defined by the Company as net income, excluding realized investment gains and losses, net of tax. Gross written premium for the first quarter of 2009 was $267.5 million and net income was $24.2 million.

Last week, Buy: Director Donald T Decarlo bought 7,000 shares of AFSI stock; the price of the stock has increased by 13.81% since.

ULTA SALON, COSMETICS & FRAGRANCE, INC. (ULTA): Director Charles J Philippin Bought 25,000 Shares

Director of ULTA Salon, Cosmetics & Fragrance, Inc., Charles J Philippin, bought 25,000 shares on 6/23/2009 at an average price of $10.52.

ULTA is a beauty retailer and offers a unique combination of over twenty one thousand prestige and mass beauty products across the categories of cosmetics, fragrance, haircare, skincare, bath and body products, and salon styling tools. ULTA also offers a full-service salon in all of its stores. The company has a market cap of $607.5 million; its shares were traded at around $10.52 with a P/E ratio of 23.9 and P/S ratio of 0.5.

Ulta Salon, Cosmetics & Fragrance recently reported a net income of $4.92 million, for the first quarter ended May 2, 2009, compared to $4.27 million in the first quarter of fiscal 2008. Net sales increased 12.3% to $268.8 million from $239.3 million in the first quarter of fiscal 2008.Ă‚

Buy: Director Charles J Philippin bought 25,000 shares of ULTA stock on 6/23/2009 at the average price of $9.4; the price of the stock has increased by 11.91% since.

Solutia Inc. (SOA): Director W T Jagodinski Bought 10,000 Shares

Director of Solutia Inc., W T Jagodinski, bought 10,000 shares on 6/24/2009 at an average price of $6.08.

Solutia Inc. is a market-leading performance materials and specialty chemicals company. With headquarters in St. Louis, Missouri, the company operates globally with approximately six thousand employees in more than sixty locations. SOLUTIA, INC. has a market cap of $573.3 million; its shares were traded at around $6.08 with a P/E ratio of 16.4 and P/S ratio of 0.2.

Solutia Inc. is owned by John Keeley and Charles Brandes.

During May and June, Buy: President, CEO & Chairman Jeffry N Quinn bought 25,000 shares of SOA. The price increased more than 20%. Last week, Buy: Executive VP, CFO & Treasurer James M Sullivan bought 3,000 shares. A few other directors also bought shares last week.Â