filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Market Information
Our common stock has traded on the NASDAQ Global Select Market under the symbol “Ulta” since October 25, 2007. Our initial public offering was priced at $18.00 per share. The following table sets forth the high and low sales prices for our common stock on the NASDAQ Global Select Market during fiscal years 2011 and 2010:
| Fiscal Year 2011 | High | Low | ||||||
| First quarter | $ | 53.19 | $ | 36.73 | ||||
| Second quarter | 68.70 | 49.61 | ||||||
| Third quarter | 72.86 | 48.89 | ||||||
| Fourth quarter | 78.80 | 64.09 |
| Fiscal Year 2010 | High | Low | ||||||
| First quarter | $ | 25.36 | $ | 17.29 | ||||
| Second quarter | 26.18 | 21.24 | ||||||
| Third quarter | 32.33 | 22.18 | ||||||
| Fourth quarter | 37.85 | 30.41 |
Holders of the Registrant’s Common Stock
The last reported sale price of our common stock on the NASDAQ Global Select Market on March 22, 2012 was $93.59 per share. As of March 22, 2012, we had 94 holders of record of our common stock. Because many shares of common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders.
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Dividends
On March 8, 2012, we announced that our Board of Directors had declared a $1.00 per share special cash dividend to shareholders of record as of the close of business on March 20, 2012. The special cash dividend, which totals approximately $62 million, will be payable on May 15, 2012.
Our Board of Directors may determine future dividends after giving consideration to our levels of profit and cash flow, capital requirements, current and future liquidity, restrictions as part of our credit facility as well as financial and other conditions existing at the time.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The following table sets forth repurchases of our common stock during the fourth quarter of 2011:
| Period | Total number of shares purchased (1) | Average price paid per share | Total number of shares purchased as part of publicly announced plans or programs (2) | Number of maximum shares that may yet to be purchased under plans or programs (2) | ||||||||||||
| November 27, 2011 to December 24, 2011 | 672 | 68.37 | — | — | ||||||||||||
| December 25, 2011 to January 28, 2012 | 49,325 | 64.67 | — | — | ||||||||||||
| 49,997 | 64.72 | — | — | |||||||||||||
| (1) | Represents shares of the Company’s common stock transferred from employees in satisfaction of minimum statutory tax withholding obligations upon the vesting of restricted stock during the period. |
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| (2) | During the fourth quarter of 2011, the Company did not have a formal plan or program for the repurchase of the Company’s common stock. |
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Sales of Unregistered Securities
None.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table provides information about Ulta common stock that may be issued under our equity compensation plans as of January 28, 2012.
| Plan category | Number of securities to be issued upon exercise of outstanding options, warrants and rights | Weighted-average exercise price of outstanding options, warrants and rights | Number of securities remaining available for future issuance under equity compensation plans | |||||||||
| Equity compensation plans approved by security holders | 3,559,395 | $ | 26.46 | 5,030,937 | ||||||||
| Equity compensation plans not approved by security holders | — | — | — | |||||||||
| Total | 3,559,395 | $ | 26.46 | 5,030,937 | ||||||||
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Stock Performance Graph
The following performance graph and related information shall not be deemed “soliciting material” or to be “filed” with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933 or Securities Exchange Act of 1934, each as amended, except to the extent that we specifically incorporate it by reference into such filing.
Set forth below is a graph comparing the cumulative total stockholder return on Ulta’s common stock with the NASDAQ Global Select Market Composite Index (NQGS) and the S&P Retail Index (RLX) for the period covering Ulta’s first trading day on October 25, 2007 through the end of Ulta’s fiscal year ended January 28, 2012. The graph assumes an investment of $100 made at the closing of trading on October 25, 2007, in (i) Ulta’s common stock, (ii) the stocks comprising the NQGS, and (iii) stocks comprising the RLX. All values assume reinvestment of the full amount of all dividends, if any, into additional shares of the same class of equity securities at the frequency with which dividends are paid on such securities during the applicable time period.
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