Loop Capital Analysts Give Ulta Beauty (ULTA) a $300.00 Price Target
ULTA has been the subject of a number of other reports. 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 reaffirmed a hold rating and set a $310.00 price objective on shares of Ulta Beauty in a report on Thursday, August 17th. 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 downgraded shares of Ulta Beauty from a conviction-buy rating to a buy rating and reduced 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 issued a hold rating and twelve have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $272.75.
Ulta Beauty (NASDAQ ULTA) opened at $223.10 on Monday. The company has a market cap of $13,334.74, a PE ratio of 29.41, a PEG ratio of 1.34 and a beta of 0.51. Ulta Beauty has a 1-year low of $187.96 and a 1-year high of $314.86.
In other news, Director Charles Heilbronn purchased 127,889 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The stock was purchased at an average cost of $195.21 per share, with a total value of $24,965,211.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.20% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Ulta Beauty by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,738,059 shares of the specialty retailer’s stock valued at $1,648,774,000 after purchasing an additional 173,627 shares during the last quarter. BlackRock Inc. increased its position in Ulta Beauty by 6.2% in the 2nd quarter. BlackRock Inc. now owns 4,255,942 shares of the specialty retailer’s stock valued at $1,222,902,000 after acquiring an additional 247,992 shares in the last quarter. Jennison Associates LLC increased its position in Ulta Beauty by 9.1% in the 2nd quarter. Jennison Associates LLC now owns 2,468,332 shares of the specialty retailer’s stock valued at $709,251,000 after acquiring an additional 205,289 shares in the last quarter. JPMorgan Chase & Co. increased its position in Ulta Beauty by 4.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,180,557 shares of the specialty retailer’s stock valued at $626,560,000 after acquiring an additional 83,081 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Ulta Beauty by 58.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock valued at $314,378,000 after acquiring an additional 512,315 shares in the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.
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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