Jefferies Financial Group Reiterates “$335.00” Price Target for Ulta Beauty (ULTA)
Jefferies Financial Group set a $335.00 price objective on Ulta Beauty (NASDAQ:ULTA) in a research report released on Friday, The Fly reports. The firm currently has a buy rating on the specialty retailer’s stock.
Other equities analysts have also issued reports about the stock. BidaskClub upgraded shares of Ulta Beauty from a sell rating to a hold rating in a report on Thursday, July 12th. Telsey Advisory Group increased their target price on shares of Ulta Beauty from $290.00 to $330.00 and gave the stock an outperform rating in a report on Monday, October 1st. Zacks Investment Research upgraded shares of Ulta Beauty from a sell rating to a hold rating in a report on Tuesday, August 21st. Stifel Nicolaus cut their target price on shares of Ulta Beauty from $250.00 to $245.00 and set a hold rating on the stock in a report on Friday, August 24th. Finally, ValuEngine upgraded shares of Ulta Beauty from a sell rating to a hold rating in a report on Tuesday, August 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $280.40.
NASDAQ ULTA traded up $3.63 during trading hours on Friday, hitting $308.12. The company’s stock had a trading volume of 1,551,954 shares, compared to its average volume of 954,248. Ulta Beauty has a twelve month low of $191.70 and a twelve month high of $312.20. The firm has a market capitalization of $17.36 billion, a P/E ratio of 37.76, a P/E/G ratio of 1.45 and a beta of 0.60.
In other news, Director Dennis K. Eck sold 35,000 shares of the stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total transaction of $10,050,250.00. Following the completion of the sale, the director now owns 361,294 shares of the company’s stock, valued at $103,745,572.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Catherine Ann Halligan sold 129 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $281.50, for a total transaction of $36,313.50. Following the sale, the director now directly owns 3,628 shares of the company’s stock, valued at approximately $1,021,282. The disclosure for this sale can be found here. Insiders have sold 68,407 shares of company stock valued at $19,580,698 in the last three months. 5.60% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN increased its position in shares of Ulta Beauty by 4.1% during the second quarter. Wells Fargo & Company MN now owns 743,233 shares of the specialty retailer’s stock worth $173,515,000 after acquiring an additional 29,590 shares in the last quarter. IFP Advisors Inc increased its position in shares of Ulta Beauty by 13.6% during the second quarter. IFP Advisors Inc now owns 3,155 shares of the specialty retailer’s stock worth $737,000 after acquiring an additional 377 shares in the last quarter. Capital One National Association bought a new stake in shares of Ulta Beauty during the second quarter worth $205,000. Daiwa SB Investments Ltd. increased its position in shares of Ulta Beauty by 9.2% during the third quarter. Daiwa SB Investments Ltd. now owns 3,790 shares of the specialty retailer’s stock worth $1,069,000 after acquiring an additional 320 shares in the last quarter. Finally, Atria Investments LLC bought a new stake in shares of Ulta Beauty during the second quarter worth $1,567,000. 90.66% of the stock is owned by institutional investors.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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