Ulta Beauty (NASDAQ:ULTA) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday. They currently have a $247.00 price target on the specialty retailer’s stock. Vetr‘s price target points to a potential upside of 11.41% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on ULTA. Cleveland Research reissued a “hold” rating on shares of Ulta Beauty in a research report on Tuesday, November 21st. Zacks Investment Research cut shares of Ulta Beauty from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Piper Jaffray Companies reissued a “buy” rating and issued a $260.00 price target on shares of Ulta Beauty in a research report on Sunday, October 1st. Oppenheimer cut shares of Ulta Beauty from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $330.00 to $270.00 in a research report on Tuesday, August 8th. Finally, Jefferies Group set a $350.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Ulta Beauty presently has a consensus rating of “Hold” and a consensus price target of $272.75.

Shares of Ulta Beauty (NASDAQ:ULTA) opened at $221.71 on Wednesday. The stock has a market cap of $13,620.00, a price-to-earnings 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 Ulta Beauty news, Director Charles Heilbronn purchased 127,889 shares of Ulta Beauty stock in a transaction on Friday, October 13th. The shares were bought at an average price of $195.21 per share, with a total value of $24,965,211.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in ULTA. Wells Fargo & Company MN lifted its stake in shares of Ulta Beauty by 137.3% during the second 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. Harbour Capital Advisors LLC increased its position in Ulta Beauty by 28,419.1% during the second quarter. Harbour Capital Advisors LLC now owns 571,807 shares of the specialty retailer’s stock worth $1,990,000 after purchasing an additional 569,802 shares during the last quarter. Ameriprise Financial Inc. increased its position in Ulta Beauty by 58.3% during the third quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock worth $314,378,000 after purchasing an additional 512,315 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt acquired a new position in Ulta Beauty during the third quarter worth approximately $83,642,000. Finally, Old Mutual Global Investors UK Ltd. increased its position in Ulta Beauty by 173.8% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 527,993 shares of the specialty retailer’s stock worth $119,358,000 after purchasing an additional 335,148 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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