Ulta Beauty (NASDAQ:ULTA) received a $230.00 price objective from analysts at Stifel Nicolaus in a research report issued on Friday. The firm presently has a “hold” rating on the specialty retailer’s stock. Stifel Nicolaus’ price target points to a potential upside of 3.74% from the stock’s previous close.

ULTA has been the subject of a number of other research reports. Piper Jaffray Companies restated an “overweight” rating and set a $260.00 target price (down previously from $330.00) on shares of Ulta Beauty in a research report on Tuesday, September 5th. Robert W. Baird reaffirmed an “outperform” rating and set a $295.00 price target (down previously from $335.00) on shares of Ulta Beauty in a research note on Friday, August 25th. They noted that the move was a valuation call. Royal Bank Of Canada reaffirmed a “hold” rating and set a $310.00 price target on shares of Ulta Beauty in a research note on Thursday, August 17th. KeyCorp reaffirmed a “buy” rating and issued a $270.00 price target (down previously from $300.00) on shares of Ulta Beauty in a research note on Tuesday, October 3rd. Finally, Goldman Sachs Group downgraded shares of Ulta Beauty from a “conviction-buy” rating to a “buy” rating and reduced their price target for the stock from $290.00 to $267.00 in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $266.63.

Shares of Ulta Beauty (NASDAQ:ULTA) traded down $1.39 during trading hours on Friday, hitting $221.71. 2,723,700 shares of the company were exchanged, compared to its average volume of 986,971. Ulta Beauty has a 12-month low of $187.96 and a 12-month high of $314.86. The company has a market capitalization of $13,620.00, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 1.34 and a beta of 0.51.

In other Ulta Beauty news, Director Charles Heilbronn acquired 127,889 shares of the company’s stock in a transaction on Friday, October 13th. The shares were bought at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.20% of the company’s stock.

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