BMO Capital Markets Reiterates “$225.00” Price Target for Ulta Beauty (ULTA)

BMO Capital Markets set a $225.00 target price on Ulta Beauty (NASDAQ:ULTA) in a report released on Friday. The firm currently has a hold rating on the specialty retailer’s stock.

A number of other research analysts have also recently commented on the company. Jefferies Group set a $300.00 price target on Ulta Beauty and gave the stock a buy rating in a research note on Wednesday, August 23rd. KeyCorp restated a buy rating and set a $270.00 price target (down from $300.00) on shares of Ulta Beauty in a research note on Tuesday, October 3rd. Robert W. Baird restated an outperform rating and set a $295.00 price target (down from $335.00) on shares of Ulta Beauty in a research note on Friday, August 25th. They noted that the move was a valuation call. Vetr upgraded Ulta Beauty from a buy rating to a strong-buy rating and set a $254.50 price target on the stock in a research note on Friday. Finally, Cowen set a $246.00 price target on Ulta Beauty and gave the stock a buy rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $260.68.

Ulta Beauty (NASDAQ:ULTA) opened at $212.58 on Friday. Ulta Beauty has a twelve month low of $187.96 and a twelve month high of $314.86. The company has a market capitalization of $12,965.68, a P/E ratio of 27.68, a P/E/G ratio of 1.31 and a beta of 0.55.

In related news, Director Charles Heilbronn acquired 127,889 shares of the business’s stock in a transaction dated Friday, October 13th. The shares were acquired at an average price of $195.21 per share, with a total value of $24,965,211.69. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.20% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP increased its position in shares of Ulta Beauty by 528.5% during the third quarter. GSA Capital Partners LLP now owns 12,079 shares of the specialty retailer’s stock worth $2,731,000 after acquiring an additional 10,157 shares during the period. Algert Global LLC purchased a new stake in shares of Ulta Beauty during the third quarter worth $772,000. Cetera Advisor Networks LLC increased its position in shares of Ulta Beauty by 44.1% during the third quarter. Cetera Advisor Networks LLC now owns 1,193 shares of the specialty retailer’s stock worth $271,000 after acquiring an additional 365 shares during the period. IFM Investors Pty Ltd purchased a new stake in shares of Ulta Beauty during the third quarter worth $381,000. Finally, Ameritas Investment Partners Inc. increased its position in shares of Ulta Beauty by 313.7% during the third quarter. Ameritas Investment Partners Inc. now owns 10,141 shares of the specialty retailer’s stock worth $2,278,000 after acquiring an additional 7,690 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.

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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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