Ulta Beauty (NASDAQ:ULTA) has been given a $246.00 target price by research analysts at Cowen in a report released on Friday. The firm presently has a “buy” rating on the specialty retailer’s stock. Cowen’s target price indicates a potential upside of 10.96% from the stock’s previous close.
A number of other research analysts also recently commented on ULTA. Piper Jaffray Companies reissued an “overweight” rating and issued a $260.00 price target (down previously from $330.00) on shares of Ulta Beauty in a report on Tuesday, September 5th. Robert W. Baird reissued an “outperform” rating and issued a $295.00 target price (down from $335.00) on shares of Ulta Beauty in a report on Friday, August 25th. They noted that the move was a valuation call. Royal Bank Of Canada reissued a “hold” rating and issued a $310.00 target price on shares of Ulta Beauty in a report on Thursday, August 17th. KeyCorp reiterated a “buy” rating and set a $270.00 target price (down previously from $300.00) on shares of Ulta Beauty in a research report on Tuesday, October 3rd. Finally, Goldman Sachs Group downgraded shares of Ulta Beauty from a “conviction-buy” rating to a “buy” rating and lowered their target price for the stock from $290.00 to $267.00 in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $266.63.
Shares of Ulta Beauty (NASDAQ ULTA) traded down $1.39 on Friday, hitting $221.71. The company’s stock had a trading volume of 2,723,700 shares, compared to its average volume of 986,971. Ulta Beauty has a twelve month low of $187.96 and a twelve month high of $314.86. The firm has a market cap of $13,620.00, a P/E ratio of 29.41, a PEG ratio of 1.34 and a beta of 0.51.
Several institutional investors have recently added to or reduced their stakes in the company. Sun Life Financial INC lifted its stake in Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after acquiring an additional 419 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Ulta Beauty in the second quarter valued at approximately $157,000. QS Investors LLC boosted its position in 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 in the last quarter. Cypress Capital Group bought a new position in Ulta Beauty during the 2nd quarter worth approximately $218,000. Finally, QCM Cayman Ltd. bought a new position in Ulta Beauty during the 2nd quarter worth approximately $248,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.
About Ulta Beauty
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.
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