Ulta Beauty (ULTA) Given a $312.00 Price Target by Piper Jaffray Companies Analysts
Ulta Beauty (NASDAQ:ULTA) has been assigned a $312.00 price target by equities research analysts at Piper Jaffray Companies in a report released on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Piper Jaffray Companies’ price objective would indicate a potential upside of 1.26% from the stock’s previous close. Piper Jaffray Companies also issued estimates for Ulta Beauty’s Q3 2019 earnings at $2.16 EPS, Q1 2020 earnings at $3.17 EPS, Q2 2020 earnings at $2.98 EPS, Q3 2020 earnings at $2.59 EPS, Q1 2021 earnings at $3.67 EPS, Q2 2021 earnings at $3.46 EPS and Q3 2021 earnings at $3.02 EPS.
Other analysts also recently issued research reports about the stock. BidaskClub raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Thursday, July 12th. Telsey Advisory Group lifted their target price on shares of Ulta Beauty from $290.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, October 1st. Zacks Investment Research raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. Stifel Nicolaus lowered 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 raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Ulta Beauty has a consensus rating of “Buy” and a consensus target price of $280.40.
Shares of NASDAQ:ULTA opened at $308.12 on Thursday. The stock has a market capitalization of $17.36 billion, a PE ratio of 30.45, a PEG ratio of 1.45 and a beta of 0.60. Ulta Beauty has a fifty-two week low of $191.70 and a fifty-two week high of $312.20.
In other Ulta Beauty news, Director Dennis K. Eck sold 35,000 shares of Ulta Beauty stock in a transaction dated 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 transaction, the director now owns 361,294 shares in the company, valued at $103,745,572.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dennis K. Eck sold 31,278 shares of Ulta Beauty stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $285.88, for a total transaction of $8,941,754.64. Following the transaction, the director now owns 334,778 shares of the company’s stock, valued at approximately $95,706,334.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,407 shares of company stock worth $19,580,698. 5.60% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in ULTA. Waddell & Reed Financial Inc. acquired a new position in Ulta Beauty during the second quarter worth about $125,933,000. FMR LLC raised its position in Ulta Beauty by 35.5% during the third quarter. FMR LLC now owns 1,285,561 shares of the specialty retailer’s stock worth $362,682,000 after acquiring an additional 336,985 shares during the last quarter. Columbus Circle Investors acquired a new position in Ulta Beauty during the second quarter worth about $74,924,000. Frontier Capital Management Co. LLC acquired a new position in Ulta Beauty during the third quarter worth about $79,932,000. Finally, Unigestion Holding SA acquired a new position in Ulta Beauty during the second quarter worth about $58,847,000. Institutional investors own 90.66% of the company’s stock.
About Ulta Beauty
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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