Ulta Beauty (NASDAQ:ULTA) has been assigned a $270.00 price target by stock analysts at KeyCorp in a research report issued to clients and investors on Sunday. The brokerage currently has a “buy” rating on the specialty retailer’s stock. KeyCorp’s price target would indicate a potential upside of 21.82% from the stock’s current price. KeyCorp also issued estimates for Ulta Beauty’s Q4 2018 earnings at $2.78 EPS, Q1 2019 earnings at $2.32 EPS, Q2 2019 earnings at $2.23 EPS, Q3 2019 earnings at $2.12 EPS and Q4 2019 earnings at $3.24 EPS.

Other analysts also recently issued reports about the company. Jefferies Group set a $300.00 price objective on Ulta Beauty and gave the company a “buy” rating in a report on Wednesday, August 23rd. Robert W. Baird set a $335.00 price objective on Ulta Beauty and gave the company a “buy” rating in a report on Wednesday, August 23rd. Piper Jaffray Companies restated a “buy” rating and issued a $330.00 price objective on shares of Ulta Beauty in a report on Monday, August 21st. Loop Capital restated a “buy” rating and issued a $300.00 price objective (down from $350.00) on shares of Ulta Beauty in a report on Friday, August 25th. They noted that the move was a valuation call. Finally, Cowen set a $336.00 price objective on Ulta Beauty and gave the company a “buy” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $261.12.

Shares of Ulta Beauty (NASDAQ ULTA) opened at $221.64 on Friday. The firm has a market capitalization of $13,520.00, a PE ratio of 27.68, a P/E/G ratio of 1.31 and a beta of 0.55. Ulta Beauty has a fifty-two week low of $187.96 and a fifty-two week high of $314.86.

In other news, Director Charles Heilbronn bought 127,889 shares of Ulta Beauty stock in a transaction on Friday, October 13th. The stock was acquired at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.20% of the company’s stock.

Several hedge funds have recently modified their holdings of ULTA. US Bancorp DE grew its stake in shares of Ulta Beauty by 21.8% during the second quarter. US Bancorp DE now owns 3,097 shares of the specialty retailer’s stock worth $890,000 after acquiring an additional 555 shares during the last quarter. Shell Asset Management Co. grew its stake in shares of Ulta Beauty by 3.8% during the second quarter. Shell Asset Management Co. now owns 3,720 shares of the specialty retailer’s stock worth $1,069,000 after acquiring an additional 135 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Ulta Beauty by 74.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,290 shares of the specialty retailer’s stock worth $945,000 after acquiring an additional 1,400 shares during the last quarter. Rothschild Asset Management Inc. grew its stake in shares of Ulta Beauty by 19.1% during the second quarter. Rothschild Asset Management Inc. now owns 1,743 shares of the specialty retailer’s stock worth $501,000 after acquiring an additional 280 shares during the last quarter. Finally, CAPROCK Group Inc. grew its stake in shares of Ulta Beauty by 4.2% during the second quarter. CAPROCK Group Inc. now owns 884 shares of the specialty retailer’s stock worth $254,000 after acquiring an additional 36 shares during the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

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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.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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