Ulta Beauty (NASDAQ:ULTA)‘s stock had its “positive” rating restated by research analysts at Jefferies Group in a note issued to investors on Tuesday. They currently have a $221.64 price target on the specialty retailer’s stock, down from their previous price target of $300.00.

ULTA has been the subject of a number of other reports. Robert W. Baird set a $265.00 price target on Ulta Beauty and gave the company a “buy” rating in a research note on Monday, October 23rd. Piper Jaffray Companies restated a “buy” rating and set a $330.00 price target on shares of Ulta Beauty in a research note on Monday, August 21st. Stifel Nicolaus cut their price target on Ulta Beauty from $325.00 to $270.00 and set a “hold” rating for the company in a research note on Monday, August 21st. KeyCorp set a $270.00 price target on Ulta Beauty and gave the company a “buy” rating in a research note on Monday, November 27th. Finally, BMO Capital Markets restated a “hold” rating and set a $235.00 price target on shares of Ulta Beauty in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $257.39.

Shares of Ulta Beauty (NASDAQ:ULTA) opened at $221.64 on Tuesday. The stock has a market capitalization of $12,965.76, 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 related news, Director Charles Heilbronn acquired 127,889 shares of the stock in a transaction dated Friday, October 13th. The shares were purchased at an average cost of $195.21 per share, with a total value of $24,965,211.69. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.20% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ULTA. US Bancorp DE lifted its holdings in Ulta Beauty by 21.8% in the 2nd quarter. US Bancorp DE now owns 3,097 shares of the specialty retailer’s stock worth $890,000 after purchasing an additional 555 shares in the last quarter. Shell Asset Management Co. lifted its holdings in Ulta Beauty by 3.8% in the 2nd quarter. Shell Asset Management Co. now owns 3,720 shares of the specialty retailer’s stock worth $1,069,000 after purchasing an additional 135 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Ulta Beauty by 74.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,290 shares of the specialty retailer’s stock worth $945,000 after purchasing an additional 1,400 shares in the last quarter. Rothschild Asset Management Inc. lifted its holdings in Ulta Beauty by 19.1% in the 2nd quarter. Rothschild Asset Management Inc. now owns 1,743 shares of the specialty retailer’s stock worth $501,000 after purchasing an additional 280 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its holdings in 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 worth $1,047,000 after purchasing an additional 25 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Ulta Beauty (ULTA) Receives Positive Rating from Jefferies Group” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/05/ulta-beauty-ulta-receives-positive-rating-from-jefferies-group.html.

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)

Receive News & Ratings for Ulta Beauty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.