Ulta Beauty (NASDAQ:ULTA) had its price objective boosted by research analysts at JPMorgan Chase & Co. from $270.00 to $300.00 in a report released on Friday. The brokerage currently has an “overweight” rating on the specialty retailer’s stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 32.17% from the company’s current price.
A number of other equities analysts also recently commented on the stock. Buckingham Research reaffirmed a “buy” rating on shares of Ulta Beauty in a report on Tuesday. Piper Jaffray Companies reissued a “hold” rating and set a $230.00 price target on shares of Ulta Beauty in a report on Monday. Oppenheimer reissued a “hold” rating and set a $240.00 price target on shares of Ulta Beauty in a report on Thursday, January 18th. Morgan Stanley raised shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $235.00 to $245.00 in a report on Wednesday, January 17th. They noted that the move was a valuation call. Finally, Wells Fargo & Co set a $297.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $265.53.
Ulta Beauty (NASDAQ:ULTA) traded down $0.31 during trading hours on Friday, hitting $226.98. 93,286 shares of the stock were exchanged, compared to its average volume of 1,213,941. The company has a market cap of $13,860.00, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 1.38 and a beta of 0.55. Ulta Beauty has a one year low of $187.96 and a one year high of $314.86.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jennison Associates LLC increased its position in Ulta Beauty by 12.1% in the 4th quarter. Jennison Associates LLC now owns 721,677 shares of the specialty retailer’s stock valued at $161,410,000 after acquiring an additional 77,742 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in shares of Ulta Beauty by 10.7% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 25,084 shares of the specialty retailer’s stock worth $5,610,000 after buying an additional 2,423 shares during the period. Tower View Investment Management & Research LLC acquired a new stake in shares of Ulta Beauty during the 4th quarter worth approximately $882,000. Rathbone Brothers plc grew its position in shares of Ulta Beauty by 21.2% during the 4th quarter. Rathbone Brothers plc now owns 40,202 shares of the specialty retailer’s stock worth $8,992,000 after buying an additional 7,023 shares during the period. Finally, IFP Advisors Inc grew its position in shares of Ulta Beauty by 17.3% during the 4th quarter. IFP Advisors Inc now owns 7,743 shares of the specialty retailer’s stock worth $1,732,000 after buying an additional 1,143 shares during the period. Hedge funds and other institutional investors own 88.75% of the company’s stock.
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.
