Morgan Stanley set a $235.00 target price on Ulta Beauty (NASDAQ:ULTA) in a report released on Friday morning. The firm currently has a hold rating on the specialty retailer’s stock.

Several other equities analysts also recently commented on the stock. Cleveland Research downgraded shares of Ulta Beauty from a buy rating to a neutral rating and upped their price objective for the company from $189.50 to $314.00 in a report on Thursday, October 12th. Goldman Sachs Group downgraded shares of Ulta Beauty from a conviction-buy rating to a buy rating and decreased their price objective for the company from $290.00 to $267.00 in a report on Monday, October 16th. Cowen set a $336.00 price objective on shares of Ulta Beauty and gave the company a buy rating in a report on Friday, October 20th. Robert W. Baird set a $265.00 price objective on shares of Ulta Beauty and gave the company a buy rating in a report on Monday, October 23rd. Finally, Zacks Investment Research upgraded shares of Ulta Beauty from a sell rating to a hold rating in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Ulta Beauty has an average rating of Hold and a consensus price target of $261.12.

Ulta Beauty (NASDAQ ULTA) opened at $221.64 on Friday. Ulta Beauty has a fifty-two week low of $187.96 and a fifty-two week high of $314.86. The company has a market cap of $13,520.00, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.31 and a beta of 0.55.

In other news, Director Charles Heilbronn acquired 127,889 shares of Ulta Beauty stock in a transaction on Friday, October 13th. The shares were purchased at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Comerica Bank grew its stake in Ulta Beauty by 37.0% during the third quarter. Comerica Bank now owns 39,592 shares of the specialty retailer’s stock worth $7,986,000 after buying an additional 10,690 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Ulta Beauty during the second quarter worth about $552,000. CIBC World Markets Inc. grew its stake in Ulta Beauty by 63.0% during the second quarter. CIBC World Markets Inc. now owns 9,994 shares of the specialty retailer’s stock worth $2,872,000 after buying an additional 3,861 shares in the last quarter. Eagle Asset Management Inc. grew its stake in Ulta Beauty by 38.1% during the second quarter. Eagle Asset Management Inc. now owns 117,681 shares of the specialty retailer’s stock worth $33,814,000 after buying an additional 32,455 shares in the last quarter. Finally, Alps Advisors Inc. grew its stake in Ulta Beauty by 34.8% during the third quarter. Alps Advisors Inc. now owns 2,613 shares of the specialty retailer’s stock worth $591,000 after buying an additional 674 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

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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.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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