Ulta Beauty (ULTA) PT Set at $300.00 by Loop Capital
Ulta Beauty (NASDAQ:ULTA) received a $300.00 price objective from Loop Capital in a research report issued on Sunday. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Loop Capital’s price target indicates a potential upside of 41.12% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the company. Jefferies Group set a $350.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, August 14th. Oppenheimer downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $330.00 to $270.00 in a research report on Tuesday, August 8th. Zacks Investment Research downgraded Ulta Beauty from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Piper Jaffray Companies reissued a “buy” rating and set a $330.00 target price on shares of Ulta Beauty in a research report on Monday, August 21st. Finally, OTR Global downgraded Ulta Beauty to a “positive” rating in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $260.68.
Shares of Ulta Beauty (ULTA) opened at $212.58 on Friday. The stock has a market capitalization of $12,965.68, a PE ratio of 27.68, a PEG ratio of 1.31 and a beta of 0.55. Ulta Beauty has a 1 year low of $187.96 and a 1 year high of $314.86.
In other Ulta Beauty news, Director Charles Heilbronn purchased 127,889 shares of the business’s stock in a transaction on Friday, October 13th. The stock was purchased at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Ulta Beauty by 3.1% during the second quarter. Vanguard Group Inc. now owns 5,738,059 shares of the specialty retailer’s stock worth $1,648,774,000 after purchasing an additional 173,627 shares during the period. BlackRock Inc. lifted its stake in Ulta Beauty by 6.2% during the second quarter. BlackRock Inc. now owns 4,255,942 shares of the specialty retailer’s stock worth $1,222,902,000 after purchasing an additional 247,992 shares during the period. Jennison Associates LLC lifted its stake in Ulta Beauty by 9.1% during the second quarter. Jennison Associates LLC now owns 2,468,332 shares of the specialty retailer’s stock worth $709,251,000 after purchasing an additional 205,289 shares during the period. JPMorgan Chase & Co. lifted its stake in Ulta Beauty by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 2,180,557 shares of the specialty retailer’s stock worth $626,560,000 after purchasing an additional 83,081 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Ulta Beauty by 58.3% during the third quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock worth $314,378,000 after purchasing an additional 512,315 shares during the period. Hedge funds and other institutional investors own 88.16% 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.
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