Several other research analysts also recently weighed in on ULTA. BMO Capital Markets restated a hold rating and issued a $235.00 target price on shares of Ulta Beauty in a research note on Thursday, November 2nd. Royal Bank Of Canada set a $250.00 price objective on shares of Ulta Beauty and gave the company a hold rating in a research note on Monday, October 30th. Robert W. Baird set a $265.00 price objective on shares of Ulta Beauty and gave the company a buy rating in a research note on Monday, October 23rd. 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, October 20th. Finally, Piper Jaffray Companies downgraded shares of Ulta Beauty from an overweight rating to a neutral rating and set a $210.00 price objective on the stock. in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $257.39.
Shares of Ulta Beauty (NASDAQ:ULTA) opened at $221.59 on Tuesday. Ulta Beauty has a 52 week low of $187.96 and a 52 week high of $314.86. The stock has a market cap of $13,590.00, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 1.38 and a beta of 0.55.
In other news, Director Charles Heilbronn acquired 127,889 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The shares were acquired at an average price of $195.21 per share, with a total value of $24,965,211.69. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.20% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank increased its holdings in shares of Ulta Beauty by 37.0% in the 3rd quarter. Comerica Bank now owns 39,592 shares of the specialty retailer’s stock worth $7,986,000 after acquiring an additional 10,690 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Ulta Beauty in the 2nd quarter worth about $552,000. CIBC World Markets Inc. increased its holdings in shares of Ulta Beauty by 63.0% in the 2nd quarter. CIBC World Markets Inc. now owns 9,994 shares of the specialty retailer’s stock worth $2,872,000 after acquiring an additional 3,861 shares during the period. Eagle Asset Management Inc. increased its stake in Ulta Beauty by 38.1% during the 2nd quarter. Eagle Asset Management Inc. now owns 117,681 shares of the specialty retailer’s stock valued at $33,814,000 after buying an additional 32,455 shares during the period. Finally, Alps Advisors Inc. increased its stake in Ulta Beauty by 34.8% during the 3rd quarter. Alps Advisors Inc. now owns 2,613 shares of the specialty retailer’s stock valued at $591,000 after buying an additional 674 shares during the period. 88.45% of the stock is currently owned by institutional investors and hedge funds.
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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.
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