Ulta Beauty (ULTA) Given a $270.00 Price Target at Piper Jaffray Companies
Several other brokerages have also weighed in on ULTA. OTR Global raised shares of Ulta Beauty to a positive rating in a report on Monday, May 21st. Goldman Sachs Group lowered shares of Ulta Beauty from a buy rating to a neutral rating and raised their price objective for the stock from $241.00 to $272.00 in a report on Tuesday, June 5th. Zacks Investment Research lowered shares of Ulta Beauty from a buy rating to a hold rating in a report on Thursday, July 19th. Buckingham Research raised their price objective on shares of Ulta Beauty from $270.00 to $300.00 and gave the stock a buy rating in a report on Wednesday, May 30th. Finally, Robert W. Baird set a $290.00 price objective on shares of Ulta Beauty and gave the stock a buy rating in a report on Wednesday, May 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $265.32.
Shares of ULTA stock opened at $242.47 on Tuesday. The firm has a market cap of $14.54 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 1.20 and a beta of 0.72. Ulta Beauty has a 1-year low of $187.96 and a 1-year high of $261.40.
In other news, Director Vanessa Ames Wittman sold 600 shares of the firm’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $249.94, for a total value of $149,964.00. Following the transaction, the director now directly owns 2,785 shares in the company, valued at approximately $696,082.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dennis K. Eck sold 3,500 shares of the firm’s stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $251.53, for a total transaction of $880,355.00. Following the completion of the transaction, the director now owns 380,294 shares in the company, valued at $95,655,349.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,432 shares of company stock worth $20,206,877. Insiders own 5.60% of the company’s stock.
Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in Ulta Beauty by 4.1% in the 2nd quarter. Wells Fargo & Company MN now owns 743,233 shares of the specialty retailer’s stock valued at $173,515,000 after purchasing an additional 29,590 shares during the last quarter. Capital One National Association bought a new stake in Ulta Beauty in the 2nd quarter valued at about $205,000. Atria Investments LLC bought a new stake in Ulta Beauty in the 2nd quarter valued at about $1,567,000. Emerald Advisers Inc. PA bought a new stake in Ulta Beauty in the 2nd quarter valued at about $1,141,000. Finally, Exane Derivatives bought a new stake in Ulta Beauty in the 2nd quarter valued at about $1,121,000. Hedge funds and other institutional investors own 89.59% of the company’s stock.
About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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