BMO Capital Markets Analysts Give Ulta Beauty (ULTA) a $225.00 Price Target
Several other analysts have also recently issued reports on the company. Piper Jaffray Companies reaffirmed an overweight rating and set a $260.00 price objective (down from $330.00) on shares of Ulta Beauty in a report on Tuesday, September 5th. Robert W. Baird reaffirmed an outperform rating and set a $295.00 price objective (down from $335.00) on shares of Ulta Beauty in a report on Friday, August 25th. They noted that the move was a valuation call. Royal Bank Of Canada set a $225.00 price objective on Ulta Beauty and gave the stock a hold rating in a report on Friday. KeyCorp reaffirmed a buy rating and set a $270.00 price objective (down from $300.00) on shares of Ulta Beauty in a report on Tuesday, October 3rd. Finally, Goldman Sachs Group cut Ulta Beauty from a conviction-buy rating to a buy rating and decreased their price objective for the stock from $290.00 to $267.00 in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $261.12.
Ulta Beauty (NASDAQ:ULTA) opened at $221.64 on Friday. Ulta Beauty has a 52 week low of $187.96 and a 52 week high of $314.86. The firm has a market capitalization of $13,520.00, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.31 and a beta of 0.55.
In other Ulta Beauty news, Director Charles Heilbronn bought 127,889 shares of Ulta Beauty stock in a transaction on Friday, October 13th. The shares were acquired at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.20% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. QS Investors LLC increased its stake in Ulta Beauty by 0.8% in the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 6 shares during the period. Candriam Luxembourg S.C.A. increased its stake in Ulta Beauty by 0.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 3,645 shares of the specialty retailer’s stock worth $1,047,000 after purchasing an additional 25 shares during the period. Cadence Capital Management LLC increased its stake in Ulta Beauty by 0.3% in the second quarter. Cadence Capital Management LLC now owns 12,849 shares of the specialty retailer’s stock worth $3,692,000 after purchasing an additional 34 shares during the period. CAPROCK Group Inc. increased its stake in Ulta Beauty by 4.2% in the second quarter. CAPROCK Group Inc. now owns 884 shares of the specialty retailer’s stock worth $254,000 after purchasing an additional 36 shares during the period. Finally, Ashford Capital Management Inc. grew its position in shares of Ulta Beauty by 2.2% during the 2nd quarter. Ashford Capital Management Inc. now owns 2,428 shares of the specialty retailer’s stock worth $698,000 after buying an additional 53 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.
Ulta Beauty Company Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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