Ulta Beauty (NASDAQ:ULTA) has been given a $300.00 target price by investment analysts at Loop Capital in a research note issued to investors on Sunday, December 3rd. The firm currently has a “buy” rating on the specialty retailer’s stock. Loop Capital’s price objective suggests a potential upside of 34.13% from the company’s previous close.
Other equities analysts also recently issued research reports about the stock. Jefferies Group set a $300.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Robert W. Baird set a $335.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Piper Jaffray Companies reissued a “buy” rating and set a $330.00 price objective on shares of Ulta Beauty in a research note on Monday, August 21st. Cowen set a $336.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, KeyCorp reissued a “buy” rating and set a $300.00 price objective (down previously from $330.00) on shares of Ulta Beauty in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $257.39.
Ulta Beauty (NASDAQ ULTA) opened at $223.66 on Friday. The stock has a market cap of $13,743.42, a P/E ratio of 28.60, a P/E/G ratio of 1.39 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 large investors have recently bought and sold shares of ULTA. Sun Life Financial INC increased its position in shares of Ulta Beauty by 4,655.6% in 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 in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Ulta Beauty in the second quarter worth $157,000. QS Investors LLC increased its position in shares of Ulta Beauty by 0.8% in 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 in the last quarter. Cypress Capital Group acquired a new stake in shares of Ulta Beauty in the second quarter worth $218,000. Finally, QCM Cayman Ltd. acquired a new stake in shares of Ulta Beauty in the second quarter worth $248,000. 88.69% of the stock is currently owned by institutional investors.
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.
