A number of other equities analysts have also recently weighed in on the company. BidaskClub cut Ulta Beauty from a buy rating to a hold rating in a report on Saturday, December 8th. Wells Fargo & Co cut their price target on Ulta Beauty from $328.00 to $280.00 and set an outperform rating for the company in a report on Wednesday, January 2nd. Loop Capital boosted their price target on Ulta Beauty from $265.00 to $300.00 and gave the stock a hold rating in a report on Monday, March 4th. Morgan Stanley set a $330.00 price target on Ulta Beauty and gave the stock a buy rating in a report on Sunday, December 9th. Finally, OTR Global raised Ulta Beauty to a positive rating in a report on Thursday, November 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $313.96.
Shares of ULTA stock opened at $338.41 on Friday. Ulta Beauty has a 1 year low of $199.15 and a 1 year high of $345.24. The firm has a market cap of $18.47 billion, a P/E ratio of 41.47, a PEG ratio of 1.33 and a beta of 1.01.
Large investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. raised its position in Ulta Beauty by 92.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 14,962 shares of the specialty retailer’s stock worth $4,222,000 after acquiring an additional 7,184 shares during the period. Private Advisor Group LLC bought a new stake in Ulta Beauty in the third quarter worth about $358,000. Stratos Wealth Partners LTD. bought a new stake in Ulta Beauty in the third quarter worth about $151,000. Cambridge Investment Research Advisors Inc. raised its position in Ulta Beauty by 26.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 9,548 shares of the specialty retailer’s stock worth $2,694,000 after acquiring an additional 1,994 shares during the period. Finally, Gamco Investors INC. ET AL bought a new stake in Ulta Beauty in the third quarter worth about $687,000. 89.72% of the stock is owned by institutional investors and hedge funds.
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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