Ulta Beauty (ULTA) Given a $225.00 Price Target by BMO Capital Markets Analysts

Ulta Beauty (NASDAQ:ULTA) has been assigned a $225.00 price target by investment analysts at BMO Capital Markets in a research report issued to clients and investors on Friday. The firm presently has a “hold” rating on the specialty retailer’s stock. BMO Capital Markets’ price target suggests a potential upside of 5.84% from the company’s current price.

ULTA has been the subject of several other reports. Robert W. Baird set a $265.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Monday, October 23rd. Jefferies Group set a $350.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Monday, August 14th. Piper Jaffray Companies reissued a “buy” rating and set a $330.00 price target on shares of Ulta Beauty in a research report on Monday, August 21st. Stifel Nicolaus decreased their price target on shares of Ulta Beauty from $325.00 to $270.00 and set a “hold” rating for the company in a research report on Monday, August 21st. Finally, KeyCorp set a $270.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $260.68.

Shares of Ulta Beauty (NASDAQ:ULTA) traded down $9.13 during trading on Friday, reaching $212.58. 6,688,253 shares of the company’s stock traded hands, compared to its average volume of 1,150,495. Ulta Beauty has a one year low of $187.96 and a one year high of $314.86. The company has a market cap of $13,522.62, a PE ratio of 28.87, a price-to-earnings-growth ratio of 1.37 and a beta of 0.55.

In related news, Director Charles Heilbronn acquired 127,889 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The stock was purchased at an average cost of $195.21 per share, with a total value of $24,965,211.69. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. QS Investors LLC raised its position in shares of Ulta Beauty by 0.8% in the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 6 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of Ulta Beauty by 0.7% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 3,645 shares of the specialty retailer’s stock valued at $1,047,000 after purchasing an additional 25 shares during the last quarter. Cadence Capital Management LLC raised its position in shares of Ulta Beauty by 0.3% in the 2nd quarter. Cadence Capital Management LLC now owns 12,849 shares of the specialty retailer’s stock valued at $3,692,000 after purchasing an additional 34 shares during the last quarter. CAPROCK Group Inc. raised its position in shares of Ulta Beauty by 4.2% in the 2nd quarter. CAPROCK Group Inc. now owns 884 shares of the specialty retailer’s stock valued at $254,000 after purchasing an additional 36 shares during the last quarter. Finally, Ashford Capital Management Inc. raised its position in shares of Ulta Beauty by 2.2% in the 2nd quarter. Ashford Capital Management Inc. now owns 2,428 shares of the specialty retailer’s stock valued at $698,000 after purchasing an additional 53 shares during the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

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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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