Ulta Beauty (ULTA) PT Set at $220.00 by Wells Fargo & Company

Ulta Beauty (NASDAQ:ULTA) has been assigned a $220.00 target price by stock analysts at Wells Fargo & Company in a note issued to investors on Friday. The firm presently has a “hold” rating on the specialty retailer’s stock. Wells Fargo & Company’s target price points to a potential upside of 3.49% from the stock’s current price.

ULTA has been the topic of several other reports. Robert W. Baird set a $265.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a report on Monday, October 23rd. Jefferies Group set a $350.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a report on Monday, August 14th. Piper Jaffray Companies reiterated a “buy” rating and issued a $330.00 target price on shares of Ulta Beauty in a report on Monday, August 21st. Stifel Nicolaus decreased their target price on shares of Ulta Beauty from $325.00 to $270.00 and set a “hold” rating on the stock in a report on Monday, August 21st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $235.00 target price on shares of Ulta Beauty in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Ulta Beauty presently has an average rating of “Hold” and an average price target of $261.18.

Shares of Ulta Beauty (NASDAQ:ULTA) traded down $9.13 during midday trading on Friday, reaching $212.58. 6,693,366 shares of the company traded hands, compared to its average volume of 1,011,565. Ulta Beauty has a one year low of $187.96 and a one year high of $314.86. The stock has a market cap of $13,060.00, a PE ratio of 29.41, a PEG ratio of 1.34 and a beta of 0.51.

In related news, Director Charles Heilbronn acquired 127,889 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were purchased at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. QS Investors LLC increased its stake in Ulta Beauty by 0.8% during the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after buying an additional 6 shares during the period. Candriam Luxembourg S.C.A. increased its stake in Ulta Beauty by 0.7% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 3,645 shares of the specialty retailer’s stock worth $1,047,000 after buying an additional 25 shares during the period. Cadence Capital Management LLC increased its stake in Ulta Beauty by 0.3% during the 2nd quarter. Cadence Capital Management LLC now owns 12,849 shares of the specialty retailer’s stock worth $3,692,000 after buying an additional 34 shares during the period. CAPROCK Group Inc. increased its stake in Ulta Beauty by 4.2% during the 2nd quarter. CAPROCK Group Inc. now owns 884 shares of the specialty retailer’s stock worth $254,000 after buying an additional 36 shares during the period. Finally, Ashford Capital Management Inc. increased its stake in Ulta Beauty by 2.2% during the 2nd quarter. Ashford Capital Management Inc. now owns 2,428 shares of the specialty retailer’s stock worth $698,000 after buying an additional 53 shares during the period. Hedge funds and other institutional investors own 88.16% of the company’s stock.

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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.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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