Ulta Beauty (NASDAQ:ULTA)‘s stock had its “hold” rating reiterated by Oppenheimer in a research note issued to investors on Thursday.

Other equities research analysts also recently issued research reports about the company. Jefferies Group set a $350.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, August 14th. Royal Bank Of Canada restated a “hold” rating and set a $310.00 target price on shares of Ulta Beauty in a research report on Thursday, August 17th. BidaskClub upgraded Ulta Beauty from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. 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, OTR Global downgraded Ulta Beauty to a “positive” rating in a research report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Ulta Beauty has an average rating of “Hold” and an average price target of $257.39.

Ulta Beauty (NASDAQ ULTA) traded down $1.55 during trading on Thursday, reaching $221.59. The company had a trading volume of 1,026,976 shares, compared to its average volume of 1,022,112. Ulta Beauty has a fifty-two week low of $187.96 and a fifty-two week high of $314.86. The stock has a market capitalization of $13,660.47, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 1.38 and a beta of 0.55.

In other news, Director Charles Heilbronn bought 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, with a total value of $24,965,211.69. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ULTA. Wells Fargo & Company MN grew its stake in shares of Ulta Beauty by 137.3% during the second quarter. Wells Fargo & Company MN now owns 1,053,780 shares of the specialty retailer’s stock valued at $302,792,000 after buying an additional 609,671 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Ulta Beauty by 58.3% during the third quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock valued at $314,378,000 after buying an additional 512,315 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt bought a new position in shares of Ulta Beauty during the third quarter valued at about $83,642,000. Old Mutual Global Investors UK Ltd. grew its stake in shares of Ulta Beauty by 173.8% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 527,993 shares of the specialty retailer’s stock valued at $119,358,000 after buying an additional 335,148 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Ulta Beauty by 605.4% during the second quarter. Renaissance Technologies LLC now owns 389,400 shares of the specialty retailer’s stock worth $111,890,000 after purchasing an additional 334,198 shares during the period. 88.45% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Ulta Beauty’s (ULTA) Hold Rating Reiterated at Oppenheimer” was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/07/ulta-beautys-ulta-hold-rating-reiterated-at-oppenheimer.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.