Ulta Beauty (NASDAQ:ULTA) received a $206.00 price objective from research analysts at Piper Jaffray Companies in a report released on Thursday. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Piper Jaffray Companies’ target price would indicate a potential downside of 3.10% from the company’s previous close.

ULTA has been the topic of several other reports. Robert W. Baird set a $265.00 target price on Ulta Beauty and gave the company a “buy” rating in a report on Monday, October 23rd. Jefferies Group set a $350.00 target price on Ulta Beauty and gave the company a “buy” rating in a report on Monday, August 14th. Stifel Nicolaus reduced their target price on Ulta Beauty from $325.00 to $270.00 and set a “hold” rating on the stock in a report on Monday, August 21st. BMO Capital Markets reiterated a “hold” rating and issued a $235.00 target price on shares of Ulta Beauty in a report on Thursday, November 2nd. Finally, KeyCorp set a $270.00 target price on Ulta Beauty and gave the company a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $261.18.

Shares of Ulta Beauty (ULTA) traded down $9.13 during mid-day trading on Thursday, reaching $212.58. The company had a trading volume of 6,691,858 shares, compared to its average volume of 1,011,546. Ulta Beauty has a 1-year low of $187.96 and a 1-year high of $314.86. The company has a market capitalization of $13,060.00, a PE ratio of 29.41, a PEG ratio of 1.34 and a beta of 0.51.

In other news, Director Charles Heilbronn bought 127,889 shares of the stock in a transaction dated Friday, October 13th. The shares were bought at an average cost 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 can be accessed through the SEC website. 5.20% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. QS Investors LLC raised its position in shares of Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 6 shares during the period. Candriam Luxembourg S.C.A. raised its position in Ulta Beauty by 0.7% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 3,645 shares of the specialty retailer’s stock valued at $1,047,000 after buying an additional 25 shares during the last quarter. Cadence Capital Management LLC raised its position in Ulta Beauty by 0.3% in the 2nd quarter. Cadence Capital Management LLC now owns 12,849 shares of the specialty retailer’s stock valued at $3,692,000 after buying an additional 34 shares during the last quarter. CAPROCK Group Inc. raised its position in Ulta Beauty by 4.2% in the 2nd quarter. CAPROCK Group Inc. now owns 884 shares of the specialty retailer’s stock valued at $254,000 after buying an additional 36 shares during the last quarter. Finally, Ashford Capital Management Inc. raised its position in Ulta Beauty by 2.2% in the 2nd quarter. Ashford Capital Management Inc. now owns 2,428 shares of the specialty retailer’s stock valued at $698,000 after buying an additional 53 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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