Ulta Beauty (NASDAQ:ULTA) has been assigned a $220.00 price objective by investment analysts at Wells Fargo & Company in a research report issued on Friday. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Wells Fargo & Company’s price objective indicates a potential upside of 3.49% from the company’s current price.

ULTA has been the subject of a number of other reports. Piper Jaffray Companies reiterated an “overweight” rating and set a $260.00 target price (down from $330.00) on shares of Ulta Beauty in a research report on Tuesday, September 5th. Robert W. Baird reiterated an “outperform” rating and set a $295.00 target price (down from $335.00) on shares of Ulta Beauty in a research report on Friday, August 25th. They noted that the move was a valuation call. Royal Bank Of Canada set a $225.00 target price on Ulta Beauty and gave the company a “hold” rating in a research report on Friday. KeyCorp reiterated a “buy” rating and set a $270.00 target price (down from $300.00) on shares of Ulta Beauty in a research report on Tuesday, October 3rd. Finally, Goldman Sachs Group downgraded Ulta Beauty from a “conviction-buy” rating to a “buy” rating and cut their target price for the company from $290.00 to $267.00 in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $261.18.

Ulta Beauty (NASDAQ ULTA) traded down $9.13 during trading hours on Friday, hitting $212.58. The stock had a trading volume of 6,693,366 shares, compared to its average volume of 1,011,565. The company has a market cap of $13,060.00, a P/E ratio of 29.41, a price-to-earnings-growth ratio of 1.34 and a beta of 0.51. Ulta Beauty has a 1 year low of $187.96 and a 1 year high of $314.86.

In related news, Director Charles Heilbronn purchased 127,889 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was bought at an average price 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 is available at the SEC website. 5.20% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. US Bancorp DE increased its holdings in Ulta Beauty by 21.8% during the 2nd quarter. US Bancorp DE now owns 3,097 shares of the specialty retailer’s stock valued at $890,000 after purchasing an additional 555 shares during the period. Acadian Asset Management LLC lifted its position in Ulta Beauty by 55.8% in the 2nd quarter. Acadian Asset Management LLC now owns 8,716 shares of the specialty retailer’s stock valued at $2,505,000 after acquiring an additional 3,122 shares in the last quarter. Boston Advisors LLC raised its stake in Ulta Beauty by 20.2% during the 2nd quarter. Boston Advisors LLC now owns 2,470 shares of the specialty retailer’s stock valued at $710,000 after buying an additional 415 shares during the last quarter. Shell Asset Management Co. raised its stake in Ulta Beauty by 3.8% during the 2nd quarter. Shell Asset Management Co. now owns 3,720 shares of the specialty retailer’s stock valued at $1,069,000 after buying an additional 135 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of Ulta Beauty by 74.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,290 shares of the specialty retailer’s stock worth $945,000 after purchasing an additional 1,400 shares in the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

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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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