Ulta Beauty (NASDAQ:ULTA) has been assigned a $297.00 price target by stock analysts at Wells Fargo & Co in a research report issued on Thursday. The firm currently has a “buy” rating on the specialty retailer’s stock. Wells Fargo & Co’s price target suggests a potential upside of 28.88% from the company’s current price.
Several other research firms have also recently commented on ULTA. Robert W. Baird set a $295.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Sunday, October 1st. Piper Jaffray Companies restated a “buy” rating and set a $260.00 target price on shares of Ulta Beauty in a research report on Sunday, October 1st. Vetr upgraded Ulta Beauty from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. KeyCorp reiterated a “buy” rating and issued a $270.00 price objective (down from $300.00) on shares of Ulta Beauty in a report on Tuesday, October 3rd. Finally, Oppenheimer reiterated a “hold” rating on shares of Ulta Beauty in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $261.05.
Ulta Beauty (NASDAQ ULTA) traded down $2.47 during trading on Thursday, reaching $230.45. The company had a trading volume of 517,500 shares, compared to its average volume of 1,259,529. Ulta Beauty has a twelve month low of $187.96 and a twelve month high of $314.86. The stock has a market capitalization of $14,160.00, a PE ratio of 29.47, a price-to-earnings-growth ratio of 1.45 and a beta of 0.55.
A number of hedge funds have recently modified their holdings of the stock. ETRADE Capital Management LLC boosted its stake in shares of Ulta Beauty by 0.6% in the 3rd quarter. ETRADE Capital Management LLC now owns 959 shares of the specialty retailer’s stock worth $228,000 after buying an additional 6 shares during the last quarter. Iberiabank Corp boosted its holdings in Ulta Beauty by 0.4% in the fourth quarter. Iberiabank Corp now owns 1,487 shares of the specialty retailer’s stock valued at $379,000 after purchasing an additional 6 shares during the last quarter. QS Investors LLC boosted its holdings in Ulta Beauty by 0.8% in the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 6 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Ulta Beauty by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 1,970 shares of the specialty retailer’s stock valued at $469,000 after purchasing an additional 10 shares during the last quarter. Finally, Balasa Dinverno & Foltz LLC boosted its holdings in Ulta Beauty by 1.0% in the second quarter. Balasa Dinverno & Foltz LLC now owns 999 shares of the specialty retailer’s stock valued at $287,000 after purchasing an additional 10 shares during the last quarter. Institutional investors 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.
