Ulta Beauty (ULTA) Given Positive Rating at Jefferies Group
Ulta Beauty (NASDAQ:ULTA)‘s stock had its “positive” rating reiterated by stock analysts at Jefferies Group in a report released on Tuesday. They presently have a $221.64 target price on the specialty retailer’s stock, down from their prior target price of $300.00.
ULTA has been the subject of several other reports. Robert W. Baird set a $265.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, October 23rd. Piper Jaffray Companies restated a “buy” rating and issued a $330.00 price target on shares of Ulta Beauty in a research note on Monday, August 21st. Stifel Nicolaus dropped their price target on Ulta Beauty from $325.00 to $270.00 and set a “hold” rating for the company in a research note on Monday, August 21st. KeyCorp set a $270.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, BMO Capital Markets restated a “hold” rating and issued a $235.00 price target on shares of Ulta Beauty in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $257.39.
Ulta Beauty (ULTA) opened at $221.64 on Tuesday. 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 $12,965.76, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.31 and a beta of 0.55.
In other news, Director Charles Heilbronn bought 127,889 shares of the stock in a transaction dated Friday, October 13th. The stock was purchased at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in ULTA. Wells Fargo & Company MN raised its holdings in Ulta Beauty by 137.3% during the 2nd quarter. Wells Fargo & Company MN now owns 1,053,780 shares of the specialty retailer’s stock valued at $302,792,000 after buying an additional 609,671 shares during the period. Ameriprise Financial Inc. raised its holdings in Ulta Beauty by 58.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock valued at $314,378,000 after buying an additional 512,315 shares during the period. Alecta Pensionsforsakring Omsesidigt purchased a new stake in Ulta Beauty during the 3rd quarter valued at $83,642,000. Old Mutual Global Investors UK Ltd. raised its holdings in Ulta Beauty by 173.8% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 527,993 shares of the specialty retailer’s stock valued at $119,358,000 after buying an additional 335,148 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Ulta Beauty by 605.4% during the 2nd quarter. Renaissance Technologies LLC now owns 389,400 shares of the specialty retailer’s stock valued at $111,890,000 after buying an additional 334,198 shares during the period. Institutional investors own 88.45% of the company’s stock.
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About Ulta Beauty
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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