Ulta Beauty (NASDAQ:ULTA) received a $270.00 price target from research analysts at KeyCorp in a research report issued on Sunday, December 3rd. The brokerage presently has a “buy” rating on the specialty retailer’s stock. KeyCorp’s price objective would suggest a potential upside of 20.72% from the company’s previous close. KeyCorp also issued estimates for Ulta Beauty’s Q4 2018 earnings at $2.78 EPS, Q1 2019 earnings at $2.32 EPS, Q2 2019 earnings at $2.23 EPS, Q3 2019 earnings at $2.12 EPS and Q4 2019 earnings at $3.24 EPS.
Other equities research analysts have also recently issued reports about the stock. Jefferies Group set a $300.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Robert W. Baird reissued an “outperform” rating and issued a $295.00 price target (down from $335.00) on shares of Ulta Beauty in a research report on Friday, August 25th. They noted that the move was a valuation call. Vetr raised shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating and set a $254.50 price target for the company in a research report on Friday, December 1st. Morgan Stanley set a $235.00 price target on shares of Ulta Beauty and gave the company a “hold” rating in a research report on Friday, December 1st. Finally, BMO Capital Markets cut shares of Ulta Beauty from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $345.00 to $235.00 in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Ulta Beauty currently has a consensus rating of “Buy” and an average target price of $257.39.
Shares of Ulta Beauty (ULTA) opened at $223.66 on Friday. Ulta Beauty has a 1 year low of $187.96 and a 1 year high of $314.86. The firm has a market cap of $13,743.42, a price-to-earnings ratio of 28.60, a P/E/G ratio of 1.39 and a beta of 0.55.
Institutional investors have recently modified their holdings of the company. Sun Life Financial INC increased its stake in shares of Ulta Beauty by 4,655.6% during the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after acquiring an additional 419 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Ulta Beauty during the second quarter worth about $157,000. QS Investors LLC increased its stake in shares of Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after acquiring an additional 6 shares during the period. Cypress Capital Group acquired a new position in shares of Ulta Beauty during the second quarter worth about $218,000. Finally, QCM Cayman Ltd. acquired a new position in shares of Ulta Beauty during the second quarter worth about $248,000. Institutional investors and hedge funds own 88.69% of the company’s stock.
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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.
