Ulta Beauty (ULTA) Lowered to “Sell” at ValuEngine
ValuEngine cut shares of Ulta Beauty (NASDAQ:ULTA) from a hold rating to a sell rating in a research note released on Thursday morning.
Several other analysts have also recently commented on the company. BidaskClub cut Ulta Beauty from a hold rating to a sell rating in a report on Saturday, February 17th. Zacks Investment Research raised Ulta Beauty from a hold rating to a buy rating and set a $246.00 price target for the company in a report on Monday, February 5th. JPMorgan Chase & Co. raised their price target on Ulta Beauty from $270.00 to $300.00 and gave the company an overweight rating in a report on Friday, January 26th. Buckingham Research reissued a buy rating on shares of Ulta Beauty in a report on Tuesday, January 23rd. Finally, Piper Jaffray Companies reissued a hold rating and issued a $230.00 price target on shares of Ulta Beauty in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Ulta Beauty presently has an average rating of Buy and an average price target of $262.91.
Shares of Ulta Beauty (NASDAQ:ULTA) opened at $194.00 on Thursday. The company has a market capitalization of $11,832.45, a P/E ratio of 25.26, a PEG ratio of 0.95 and a beta of 0.62. Ulta Beauty has a 1-year low of $187.96 and a 1-year high of $314.86.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ULTA. CI Global Investments Inc. acquired a new position in shares of Ulta Beauty in the fourth quarter worth $135,756,000. Ameriprise Financial Inc. raised its holdings in shares of Ulta Beauty by 58.3% in the third quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock worth $314,378,000 after acquiring an additional 512,315 shares during the last quarter. HS Management Partners LLC raised its holdings in shares of Ulta Beauty by 208.7% in the fourth quarter. HS Management Partners LLC now owns 699,365 shares of the specialty retailer’s stock worth $156,420,000 after acquiring an additional 472,850 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt acquired a new position in shares of Ulta Beauty in the third quarter worth $83,642,000. Finally, Old Mutual Global Investors UK Ltd. raised its holdings in shares of Ulta Beauty by 173.8% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 527,993 shares of the specialty retailer’s stock worth $119,358,000 after acquiring an additional 335,148 shares during the last quarter. 86.68% of the stock is owned by institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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