The largest insider buys last week were for Ulta Beauty Inc. (ULTA, Financial), JM Smucker Co. (SJM, Financial), Tiffany & Co. (TIF, Financial) and First Data Corp. (FDC, Financial).
Ulta Beauty director bought 2,000 shares
Ulta Beauty Director Michael R. MacDonald bought 2,000 shares for $208.37 per share on Aug. 29. The stock price has increased by 6.41% since.
Ulta Beauty is an American beauty chain store that focuses on cosmetic and skin care products, fragrances and hair care products. The company also equips each store with its own salon. The company is a component of the Standard & Poor's 500 and NASDAQ 100. It has a market cap of $13.75 billion; as of Sept. 1 it traded at $221.73.
Ulta Beauty reported an increase in net sales of 20.6% to $1.289 billion in the second quarter from $1.069 billion in the same period of the prior year. Comparable sales increased 11.7% compared to an increase of 14.4% a year earlier.
JM Smucker executive chairman bought 10,000 shares
JM Smucker Executive Chairman Richard K. Smucker bought 10,000 shares for $105.4 per share on Aug. 29. The stock price has decreased by 0.53% since.
JM Smucker is an American manufacturer of fruit spreads, ice cream toppings, beverages, shortening, peanut butter and other food products. The company owns the subsidiary Big Heart Pet Brands. Some of the company’s most notable brands include Crisco, Dunkin’ Donuts Coffee, Smucker’s and Folgers. The company has a market cap of $11.89 billion; as of Sept. 1 it traded at $104.84.
JM Smucker reported a net sales decrease of 4% in its first fiscal quarter for 2018 and a net income per diluted share decrease of 23% to $1.12. Adjusted earnings per share was $1.51, a decrease of 19% compared to the same period a year ago. Cash provided by operating activities was $304.3 million, compared to $238.9 million during the same period in the prior year.
Tiffany director bought 125,000 shares
Director Francesco Trapani bought 76,064 shares for $88.69 per share on Aug. 31. The stock price has increased by 4.15% since.
Tiffany is an American luxury and jewelry and specialty retailer that focuses on selling jewelry, sterling silver, china, crystal, stationary, fragrances, water bottles, watches, leather goods and various other personal accessories. The company is particularly known for its diamond and sterling silver jewlry. The company has a market cap of $11.5 billion; as of Sept. 1 it traded at $92.37.
The company reported an increase of 3% in worldwide net sales to $960 million in the second quarter while comparable store sales declined 2%. Net earnings rose 9% to $115 million, or 92 cents per diluted share, from $106 million, or 84 cents per diluted share, in the same period of the prior year.
First Data executive vice president bought 187,798 shares
Executive Vice President Jeff Shanahan bought 72,466 shares for $18.21 per share on Aug. 30. The stock price has increased by 1.81% since.
First Data is an American international payment technology solutions company known for its STAR interbank network that offers PIN-secured debit acceptance at ATM and retail locations. The company has a footprint of 6 million merchants worldwide, the largest in the payments industry and handles 45% of all U.S. credit and debit transactions. The company has a market cap of $17.11 billion; as of Sept. 1 it traded at $18.54.
The company reported a consolidated revenue of $3.0 billion in the second quarter, up 3% compared to a year ago. It also reported a total segment revenue of $1.8 billion, up 3% compared to a year earlier. The company had a net income of $185 million, up 22%, and diluted earnings per share of 20 cents, up 18%.
For the complete list of stocks that were bought by their company executives, go to: Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
