Royal Bank Of Canada Analysts Give Ulta Beauty (ULTA) a $225.00 Price Target

Ulta Beauty (NASDAQ:ULTA) has been assigned a $225.00 target price by research analysts at Royal Bank Of Canada in a note issued to investors on Friday. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 5.84% from the company’s previous close.

Several other research analysts have also recently commented on the company. Cleveland Research cut Ulta Beauty from a “buy” rating to a “neutral” rating and raised their target price for the stock from $189.50 to $314.00 in a research report on Thursday, October 12th. Goldman Sachs Group cut Ulta Beauty from a “conviction-buy” rating to a “buy” rating and reduced their target price for the stock from $290.00 to $267.00 in a research report on Monday, October 16th. Cowen set a $336.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Friday, October 20th. Robert W. Baird set a $265.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, October 23rd. Finally, Zacks Investment Research raised Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. 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 issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $261.18.

Shares of Ulta Beauty (ULTA) traded down $9.13 during mid-day trading on Friday, reaching $212.58. The company had a trading volume of 6,693,366 shares, compared to its average volume of 1,011,565. The company has a market capitalization of $13,060.00, a PE ratio of 29.41, a P/E/G ratio of 1.34 and a beta of 0.51. Ulta Beauty has a 52-week low of $187.96 and a 52-week high of $314.86.

In related news, Director Charles Heilbronn acquired 127,889 shares of the company’s stock in a transaction on Friday, October 13th. The stock was purchased at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased 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 valued at $302,792,000 after buying an additional 609,671 shares in the last quarter. Harbour Capital Advisors LLC increased 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 valued at $1,990,000 after buying an additional 569,802 shares in the last quarter. Ameriprise Financial Inc. increased 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 valued at $314,378,000 after buying an additional 512,315 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt acquired a new stake in shares of Ulta Beauty in the third quarter valued at $83,642,000. Finally, Old Mutual Global Investors UK Ltd. increased 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 valued at $119,358,000 after buying an additional 335,148 shares in the last quarter. Hedge funds and other institutional investors 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.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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