Ulta Beauty Inc. (NASDAQ:ULTA) was the target of unusually large options trading activity on Thursday. Stock investors purchased 17,326 put options on the stock. This represents an increase of approximately 667% compared to the typical daily volume of 2,260 put options.
Ulta Beauty (ULTA) opened at $212.58 on Friday. Ulta Beauty has a 52-week low of $187.96 and a 52-week high of $314.86. The stock 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 purchased 127,889 shares of Ulta Beauty stock in a transaction that occurred on Friday, October 13th. The shares were acquired at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.20% of the stock is owned by corporate insiders.
ULTA has been the topic of several research reports. Robert W. Baird set a $265.00 price target on shares of Ulta Beauty and gave the stock 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 stock a “buy” rating in a research report on Monday, August 14th. Piper Jaffray Companies reiterated 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 reduced their price target on shares of 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 reiterated a “hold” rating and set a $235.00 price target on shares of Ulta Beauty in a research report on Thursday, November 2nd. 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 assigned a strong buy rating to the company. Ulta Beauty presently has an average rating of “Hold” and a consensus target price of $260.68.
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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.
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