Ulta Beauty (ULTA) PT Set at $225.00 by Royal Bank Of Canada

Royal Bank Of Canada set a $225.00 price objective on Ulta Beauty (NASDAQ:ULTA) in a report released on Friday. The brokerage currently has a hold rating on the specialty retailer’s stock.

Several other research analysts also recently commented on the company. Stifel Nicolaus set a $230.00 price target on Ulta Beauty and gave the stock a hold rating in a research report on Friday. Cowen set a $246.00 price target on Ulta Beauty and gave the stock a buy rating in a research report on Friday. Zacks Investment Research downgraded Ulta Beauty from a hold rating to a sell rating in a research report on Tuesday, August 8th. Piper Jaffray Companies reaffirmed a buy rating and issued a $260.00 price target on shares of Ulta Beauty in a research report on Sunday, October 1st. Finally, Oppenheimer downgraded Ulta Beauty from an outperform rating to a market perform rating and dropped their price target for the stock from $330.00 to $270.00 in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Ulta Beauty presently 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 one year low of $187.96 and a one year high of $314.86. The firm has a market capitalization of $13,520.00, a P/E ratio of 27.68, a P/E/G ratio of 1.31 and a beta of 0.55.

In other news, Director Charles Heilbronn acquired 127,889 shares of the stock in a transaction dated Friday, October 13th. The shares were acquired at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Comerica Bank increased its position in shares of Ulta Beauty by 37.0% during the third quarter. Comerica Bank now owns 39,592 shares of the specialty retailer’s stock valued at $7,986,000 after purchasing an additional 10,690 shares during the period. GSA Capital Partners LLP acquired a new stake in Ulta Beauty in the 2nd quarter valued at $552,000. CIBC World Markets Inc. boosted its stake in Ulta Beauty by 63.0% in the 2nd quarter. CIBC World Markets Inc. now owns 9,994 shares of the specialty retailer’s stock valued at $2,872,000 after buying an additional 3,861 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in Ulta Beauty by 38.1% in 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 in the last quarter. Finally, Alps Advisors Inc. boosted its stake in Ulta Beauty by 34.8% in 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 in the last quarter. Institutional investors and hedge funds 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.

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