Ulta Beauty (NASDAQ:ULTA) has been given a $235.00 price target by research analysts at Morgan Stanley in a research note issued on Friday. The firm presently has a “hold” rating on the specialty retailer’s stock. Morgan Stanley’s price target indicates a potential upside of 10.55% from the stock’s current price.

ULTA has been the subject of a number of other research reports. Robert W. Baird set a $265.00 price objective on Ulta Beauty and gave the company a “buy” rating in a research note on Monday, October 23rd. Jefferies Group set a $350.00 target price on Ulta Beauty and gave the company a “buy” rating in a research report on Monday, August 14th. Piper Jaffray Companies restated a “buy” rating and set a $330.00 target price on shares of Ulta Beauty in a research report on Monday, August 21st. Stifel Nicolaus dropped their target price on Ulta Beauty from $325.00 to $270.00 and set a “hold” rating on the stock in a research report on Monday, August 21st. Finally, BMO Capital Markets restated a “hold” rating and set a $235.00 target price on shares of Ulta Beauty in a research report on Thursday, November 2nd. 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 stock. Ulta Beauty presently has a consensus rating of “Hold” and a consensus target price of $260.68.

Ulta Beauty (NASDAQ:ULTA) opened at $212.58 on Friday. The firm has a market capitalization of $12,965.68, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.31 and a beta of 0.55. Ulta Beauty has a 52 week low of $187.96 and a 52 week high of $314.86.

In other news, Director Charles Heilbronn acquired 127,889 shares of the stock in a transaction that occurred 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 is available at this hyperlink. Insiders own 5.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its stake in Ulta Beauty by 137.3% in the 2nd quarter. Wells Fargo & Company MN now owns 1,053,780 shares of the specialty retailer’s stock worth $302,792,000 after purchasing an additional 609,671 shares in the last quarter. Harbour Capital Advisors LLC lifted its stake in Ulta Beauty by 28,419.1% in the 2nd quarter. Harbour Capital Advisors LLC now owns 571,807 shares of the specialty retailer’s stock worth $1,990,000 after purchasing an additional 569,802 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Ulta Beauty by 58.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock worth $314,378,000 after purchasing an additional 512,315 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt purchased a new position in Ulta Beauty in the 3rd quarter worth approximately $83,642,000. Finally, Old Mutual Global Investors UK Ltd. lifted its stake in Ulta Beauty by 173.8% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 527,993 shares of the specialty retailer’s stock worth $119,358,000 after purchasing an additional 335,148 shares in the last quarter. 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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