Piper Jaffray Companies Reiterates Hold Rating for Ulta Beauty (ULTA)
Ulta Beauty (NASDAQ:ULTA)‘s stock had its “hold” rating reissued by analysts at Piper Jaffray Companies in a research note issued to investors on Friday. They currently have a $214.00 price target on the specialty retailer’s stock. Piper Jaffray Companies’ target price would suggest a potential upside of 3.92% from the company’s current price.
Other research analysts have also issued reports about the stock. KeyCorp set a $270.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Monday, November 27th. Loop Capital set a $300.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Monday, November 27th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $270.00 target price on shares of Ulta Beauty in a research note on Friday, December 1st. Cowen set a $246.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Friday, December 1st. Finally, Vetr lowered shares of Ulta Beauty from a “strong-buy” rating to a “buy” rating and set a $247.00 target price on the stock. in a research note on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $260.42.
Ulta Beauty (NASDAQ:ULTA) opened at $205.92 on Friday. Ulta Beauty has a 12 month low of $187.96 and a 12 month high of $314.86. The stock has a market cap of $12,520.00, a price-to-earnings ratio of 26.33, a P/E/G ratio of 1.01 and a beta of 0.62.
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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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