Ulta Beauty (NASDAQ:ULTA) was upgraded by Buckingham Research from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, The Fly reports.
Several other analysts have also issued reports on the stock. Cleveland Research lowered shares of Ulta Beauty from a “buy” rating to a “neutral” rating and increased their price target for the stock from $189.50 to $314.00 in a research report on Thursday, October 12th. Goldman Sachs Group lowered shares of Ulta Beauty from a “conviction-buy” rating to a “buy” rating and cut their target price for the company from $290.00 to $267.00 in a research report on Monday, October 16th. Cowen set a $336.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Friday, October 20th. Robert W. Baird set a $265.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Monday, October 23rd. Finally, Zacks Investment Research upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $257.39.
Shares of Ulta Beauty (ULTA) opened at $222.66 on Tuesday. The stock has a market cap of $13,311.59, a P/E ratio of 28.42, a P/E/G ratio of 1.35 and a beta of 0.55. Ulta Beauty has a 52-week low of $187.96 and a 52-week high of $314.86.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Engineers Gate Manager LP bought a new stake in Ulta Beauty during the 4th quarter worth approximately $6,354,000. Iberiabank Corp boosted its stake in shares of Ulta Beauty by 9.2% in the 2nd quarter. Iberiabank Corp now owns 4,549 shares of the specialty retailer’s stock valued at $1,307,000 after purchasing an additional 383 shares in the last quarter. HMS Capital Management LLC purchased a new stake in shares of Ulta Beauty in the 3rd quarter valued at $1,417,000. BNP Paribas Arbitrage SA boosted its stake in shares of Ulta Beauty by 264.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 49,341 shares of the specialty retailer’s stock valued at $11,742,000 after purchasing an additional 35,806 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Ulta Beauty by 2,189.2% in the 1st quarter. Renaissance Technologies LLC now owns 148,800 shares of the specialty retailer’s stock valued at $28,829,000 after purchasing an additional 142,300 shares in the last quarter. Hedge funds and other institutional investors own 88.69% 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.
