Wells Fargo & Co Reiterates $297.00 Price Target for Ulta Beauty (ULTA)
Ulta Beauty (NASDAQ:ULTA) received a $297.00 price target from analysts at Wells Fargo & Co in a report issued on Thursday. The firm presently has a “buy” rating on the specialty retailer’s stock. Wells Fargo & Co’s price objective indicates a potential upside of 25.15% from the company’s current price.
Several other equities research analysts have also commented on the stock. Vetr upgraded shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. Buckingham Research upgraded shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $225.00 target price on the stock in a research report on Tuesday, December 19th. They noted that the move was a valuation call. Oppenheimer restated a “hold” rating on shares of Ulta Beauty in a research report on Thursday, December 7th. Jefferies Group restated a “positive” rating and set a $221.64 target price (down from $300.00) on shares of Ulta Beauty in a research report on Tuesday, December 5th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $270.00 target price on shares of Ulta Beauty in a research report on Friday, December 1st. 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. Ulta Beauty currently has a consensus rating of “Buy” and a consensus price target of $261.05.
Shares of Ulta Beauty (NASDAQ ULTA) traded up $4.17 during midday trading on Thursday, hitting $237.32. 1,086,600 shares of the company’s stock traded hands, compared to its average volume of 1,460,000. The stock has a market cap of $14,480.00, a price-to-earnings ratio of 30.35, a P/E/G ratio of 1.45 and a beta of 0.55. Ulta Beauty has a 52 week low of $187.96 and a 52 week high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, November 30th. The specialty retailer reported $1.70 EPS for the quarter, topping the consensus estimate of $1.67 by $0.03. Ulta Beauty had a net margin of 8.82% and a return on equity of 29.64%. equities analysts anticipate that Ulta Beauty will post 8.43 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Sun Life Financial INC boosted its position in shares of Ulta Beauty by 4,655.6% in the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after buying an additional 419 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Ulta Beauty in the 2nd quarter worth about $157,000. QS Investors LLC boosted its position in shares of Ulta Beauty by 0.8% in the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after buying an additional 6 shares in the last quarter. Cypress Capital Group purchased a new stake in shares of Ulta Beauty in the 2nd quarter worth about $218,000. Finally, QCM Cayman Ltd. purchased a new stake in shares of Ulta Beauty in the 2nd quarter worth about $248,000. Institutional investors and hedge funds own 88.72% 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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