Loop Capital Analysts Give Ulta Beauty (ULTA) a $300.00 Price Target

Loop Capital set a $300.00 price target on Ulta Beauty (NASDAQ:ULTA) in a research note issued to investors on Sunday. The brokerage currently has a buy rating on the specialty retailer’s stock.

ULTA has been the topic of a number of other reports. Piper Jaffray Companies reaffirmed an overweight rating and issued a $260.00 target price (down from $330.00) on shares of Ulta Beauty in a research report on Tuesday, September 5th. Robert W. Baird reaffirmed 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. Royal Bank Of Canada set a $225.00 target price on Ulta Beauty and gave the company a hold rating in a research report on Friday, December 1st. KeyCorp reissued a buy rating and set a $270.00 price target (down from $300.00) on shares of Ulta Beauty in a research report on Tuesday, October 3rd. Finally, Goldman Sachs Group lowered Ulta Beauty from a conviction-buy rating to a buy rating and dropped their price target for the company from $290.00 to $267.00 in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $257.39.

Ulta Beauty (NASDAQ ULTA) opened at $223.97 on Friday. Ulta Beauty has a 52-week low of $187.96 and a 52-week high of $314.86. The stock has a market capitalization of $13,520.00, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.31 and a beta of 0.55.

In other Ulta Beauty news, Director Charles Heilbronn purchased 127,889 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was bought at an average price of $195.21 per share, with a total value of $24,965,211.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.20% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in ULTA. Wells Fargo & Company MN grew its stake in shares of Ulta Beauty by 137.3% in the second quarter. Wells Fargo & Company MN now owns 1,053,780 shares of the specialty retailer’s stock worth $302,792,000 after purchasing an additional 609,671 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Ulta Beauty by 58.3% during the third quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock valued at $314,378,000 after buying an additional 512,315 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt bought a new position in Ulta Beauty during the third quarter valued at about $83,642,000. Old Mutual Global Investors UK Ltd. boosted its stake in Ulta Beauty by 173.8% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 527,993 shares of the specialty retailer’s stock valued at $119,358,000 after buying an additional 335,148 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Ulta Beauty by 605.4% during the second quarter. Renaissance Technologies LLC now owns 389,400 shares of the specialty retailer’s stock valued at $111,890,000 after buying an additional 334,198 shares in the last quarter. 88.45% of the stock is owned by institutional investors.

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Ulta Beauty Company Profile

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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