Investment analysts at Credit Suisse Group began coverage on shares of Ulta Beauty (NASDAQ:ULTA) in a research note issued on Monday. The brokerage set an “outperform” rating and a $245.00 price target on the specialty retailer’s stock. Credit Suisse Group’s target price indicates a potential upside of 18.00% from the stock’s previous close.
ULTA has been the subject of a number of other reports. KeyCorp set a $270.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, November 27th. Buckingham Research raised Ulta Beauty from a “neutral” rating to a “buy” rating and set a $225.00 target price for the company in a research note on Tuesday, December 19th. They noted that the move was a valuation call. Piper Jaffray Companies reissued a “hold” rating and set a $230.00 target price on shares of Ulta Beauty in a research note on Monday, January 22nd. Loop Capital set a $300.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, Wells Fargo & Co set a $297.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $260.15.
Ulta Beauty (ULTA) traded up $1.70 during midday trading on Monday, reaching $207.62. The company had a trading volume of 898,901 shares, compared to its average volume of 1,223,277. Ulta Beauty has a twelve month low of $187.96 and a twelve month high of $314.86. The company has a market cap of $12,680.00, a PE ratio of 26.55, a price-to-earnings-growth ratio of 1.01 and a beta of 0.62.
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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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