Ulta Beauty (ULTA) Given a $225.00 Price Target at BMO Capital Markets
BMO Capital Markets set a $225.00 price objective on Ulta Beauty (NASDAQ:ULTA) in a research report report published on Friday morning. The brokerage currently has a hold rating on the specialty retailer’s stock.
ULTA has been the subject of a number of other research reports. Piper Jaffray Companies reaffirmed an overweight rating and issued a $260.00 target price (down previously from $330.00) on shares of Ulta Beauty in a report on Tuesday, September 5th. Robert W. Baird reaffirmed an outperform rating and issued a $295.00 target price (down previously 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 set a $225.00 target price on Ulta Beauty and gave the stock a hold rating in a report on Friday. KeyCorp reaffirmed a buy rating and issued a $270.00 target price (down previously from $300.00) on shares of Ulta Beauty in a report on Tuesday, October 3rd. Finally, Goldman Sachs Group cut Ulta Beauty from a conviction-buy rating to a buy rating and lowered their target price for the stock from $290.00 to $267.00 in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $260.68.
Shares of Ulta Beauty (NASDAQ:ULTA) traded down $9.13 on Friday, reaching $212.58. The company’s stock had a trading volume of 6,688,253 shares, compared to its average volume of 1,150,495. Ulta Beauty has a fifty-two week low of $187.96 and a fifty-two week high of $314.86. The firm has a market cap of $13,522.62, a PE ratio of 28.87, a PEG ratio of 1.37 and a beta of 0.55.
In related news, Director Charles Heilbronn purchased 127,889 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was bought at an average price of $195.21 per share, with a total value of $24,965,211.69. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Sun Life Financial INC boosted its position in shares of Ulta Beauty by 4,655.6% during the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 419 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Ulta Beauty during the 2nd quarter valued at about $157,000. QS Investors LLC boosted its position in shares of Ulta Beauty by 0.8% during the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 6 shares in the last quarter. Cypress Capital Group bought a new stake in shares of Ulta Beauty during the 2nd quarter valued at about $218,000. Finally, QCM Cayman Ltd. bought a new stake in shares of Ulta Beauty during the 2nd quarter valued at about $248,000. Institutional investors own 88.16% of the company’s stock.
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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