Morgan Stanley Analysts Give Ulta Beauty (ULTA) a $235.00 Price Target

Morgan Stanley set a $235.00 price target on Ulta Beauty (NASDAQ:ULTA) in a research note issued to investors on Friday. The firm currently has a hold rating on the specialty retailer’s stock.

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

Ulta Beauty (NASDAQ:ULTA) opened at $212.58 on Friday. Ulta Beauty has a 1 year low of $187.96 and a 1 year high of $314.86. The stock has a market cap of $12,965.68, a price-to-earnings ratio of 27.68, a P/E/G ratio of 1.31 and a beta of 0.55.

In other Ulta Beauty news, Director Charles Heilbronn purchased 127,889 shares of the stock in a transaction on Friday, October 13th. The stock was acquired at an average cost of $195.21 per share, with a total value of $24,965,211.69. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.20% of the company’s stock.

Several large investors have recently modified their holdings of the company. GSA Capital Partners LLP raised its stake 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 valued at $2,731,000 after acquiring an additional 10,157 shares during the last quarter. Algert Global LLC bought a new position in shares of Ulta Beauty during the third quarter valued at about $772,000. Cetera Advisor Networks LLC raised its stake 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 valued at $271,000 after acquiring an additional 365 shares during the last quarter. IFM Investors Pty Ltd bought a new position in shares of Ulta Beauty during the third quarter valued at about $381,000. Finally, Ameritas Investment Partners Inc. raised its stake 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 valued at $2,278,000 after acquiring an additional 7,690 shares during the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

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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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