Ulta Beauty (ULTA) Given a $220.00 Price Target by Wells Fargo & Company Analysts
Ulta Beauty (NASDAQ:ULTA) has been assigned a $220.00 price target by investment analysts at Wells Fargo & Company in a research report issued on Friday. The firm presently has a “hold” rating on the specialty retailer’s stock. Wells Fargo & Company’s price target points to a potential downside of 0.77% from the stock’s previous close.
A number of other equities research analysts have also weighed in on the company. Cleveland Research lowered Ulta Beauty from a “buy” rating to a “neutral” rating and boosted their target price for the company from $189.50 to $314.00 in a research note on Thursday, October 12th. Goldman Sachs Group lowered Ulta Beauty from a “conviction-buy” rating to a “buy” rating and decreased their target price for the stock from $290.00 to $267.00 in a research report on Monday, October 16th. Cowen set a $336.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Friday, October 20th. Robert W. Baird set a $265.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, October 23rd. Finally, Zacks Investment Research upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $261.88.
Ulta Beauty (NASDAQ:ULTA) traded down $1.39 during midday trading on Friday, hitting $221.71. The stock had a trading volume of 2,723,700 shares, compared to its average volume of 986,971. Ulta Beauty has a 12 month low of $187.96 and a 12 month high of $314.86. The company 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.
In related news, Director Charles Heilbronn acquired 127,889 shares of the stock in a transaction that occurred on Friday, October 13th. The stock was purchased at an average price of $195.21 per share, with a total value of $24,965,211.69. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP boosted its position in Ulta Beauty by 528.5% in the 3rd quarter. GSA Capital Partners LLP now owns 12,079 shares of the specialty retailer’s stock valued at $2,731,000 after buying an additional 10,157 shares during the period. Algert Global LLC acquired a new stake in shares of Ulta Beauty in the 3rd quarter valued at $772,000. Cetera Advisor Networks LLC raised its holdings in shares of Ulta Beauty by 44.1% in the 3rd quarter. Cetera Advisor Networks LLC now owns 1,193 shares of the specialty retailer’s stock valued at $271,000 after purchasing an additional 365 shares in the last quarter. IFM Investors Pty Ltd acquired a new stake in shares of Ulta Beauty in the 3rd quarter valued at $381,000. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of Ulta Beauty by 313.7% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 10,141 shares of the specialty retailer’s stock valued at $2,278,000 after purchasing an additional 7,690 shares in the last quarter. 88.16% of the stock is owned by institutional investors.
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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.
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