Wells Fargo & Company set a $220.00 price objective on Ulta Beauty (NASDAQ:ULTA) in a report issued on Friday morning. The brokerage currently has a hold rating on the specialty retailer’s stock.

A number of other analysts also recently commented on ULTA. Stifel Nicolaus set a $230.00 price objective on shares of Ulta Beauty and gave the company a hold rating in a report on Friday. Cowen set a $246.00 price objective on shares of Ulta Beauty and gave the stock a buy rating in a research note on Friday. Royal Bank Of Canada set a $225.00 price objective on Ulta Beauty and gave the stock a hold rating in a research report on Friday. Cleveland Research reiterated a hold rating on shares of Ulta Beauty in a research report on Tuesday, November 21st. Finally, Zacks Investment Research downgraded Ulta Beauty from a hold rating to a sell rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Ulta Beauty currently has a consensus rating of Hold and a consensus price target of $261.88.

Shares of Ulta Beauty (ULTA) traded down $1.39 on Friday, hitting $221.71. 2,723,700 shares of the stock were exchanged, 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 stock has a market capitalization 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 other Ulta Beauty news, Director Charles Heilbronn purchased 127,889 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were acquired at an average cost of $195.21 per share, with a total value of $24,965,211.69. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of ULTA. US Bancorp DE raised its holdings in Ulta Beauty by 21.8% during the second quarter. US Bancorp DE now owns 3,097 shares of the specialty retailer’s stock valued at $890,000 after acquiring an additional 555 shares during the period. Acadian Asset Management LLC grew its position in shares of Ulta Beauty by 55.8% during the second quarter. Acadian Asset Management LLC now owns 8,716 shares of the specialty retailer’s stock valued at $2,505,000 after purchasing an additional 3,122 shares in the last quarter. Boston Advisors LLC grew its position in shares of Ulta Beauty by 20.2% during the second quarter. Boston Advisors LLC now owns 2,470 shares of the specialty retailer’s stock valued at $710,000 after purchasing an additional 415 shares in the last quarter. Shell Asset Management Co. grew its position 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 valued at $1,069,000 after purchasing an additional 135 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position 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 valued at $945,000 after purchasing an additional 1,400 shares in 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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