Ulta Beauty (ULTA) Given a $246.00 Price Target at Cowen
Other equities analysts also recently issued research reports about the company. Vetr upgraded Ulta Beauty from a buy rating to a strong-buy rating and set a $254.50 price objective on the stock in a report on Friday. Stifel Nicolaus set a $230.00 price objective on Ulta Beauty and gave the stock a hold rating in a report on Friday. Jefferies Group set a $300.00 price objective on Ulta Beauty and gave the stock a buy rating in a report on Wednesday, August 23rd. KeyCorp restated a buy rating and issued a $270.00 price objective (down previously from $300.00) on shares of Ulta Beauty in a report on Tuesday, October 3rd. Finally, Robert W. Baird restated an outperform rating and issued a $295.00 price objective (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. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $261.18.
Ulta Beauty (NASDAQ:ULTA) traded down $9.13 during trading hours on Friday, reaching $212.58. The company had a trading volume of 6,688,253 shares, compared to its average volume of 1,150,495. Ulta Beauty has a 12-month low of $187.96 and a 12-month high of $314.86. The firm has a market capitalization of $13,522.62, a P/E ratio of 28.87, a P/E/G ratio of 1.37 and a beta of 0.55.
In related news, Director Charles Heilbronn acquired 127,889 shares of the stock in a transaction dated Friday, October 13th. The shares were acquired at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in ULTA. Wells Fargo & Company MN grew its stake in shares of Ulta Beauty by 137.3% in the second quarter. Wells Fargo & Company MN now owns 1,053,780 shares of the specialty retailer’s stock worth $302,792,000 after acquiring an additional 609,671 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in shares of Ulta Beauty by 28,419.1% in the second quarter. Harbour Capital Advisors LLC now owns 571,807 shares of the specialty retailer’s stock worth $1,990,000 after acquiring an additional 569,802 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Ulta Beauty by 58.3% in the third quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock worth $314,378,000 after acquiring an additional 512,315 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt acquired a new stake in shares of Ulta Beauty in the third quarter worth $83,642,000. Finally, Old Mutual Global Investors UK Ltd. grew its stake in shares of Ulta Beauty by 173.8% in 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 acquiring an additional 335,148 shares during the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.
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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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