KeyCorp set a $270.00 target price on Ulta Beauty (NASDAQ:ULTA) in a research report sent to investors on Sunday morning. The firm currently has a buy rating on the specialty retailer’s stock. KeyCorp also issued estimates for Ulta Beauty’s Q4 2018 earnings at $2.78 EPS, Q1 2019 earnings at $2.32 EPS, Q2 2019 earnings at $2.23 EPS, Q3 2019 earnings at $2.12 EPS and Q4 2019 earnings at $3.24 EPS.
A number of other brokerages have also recently weighed in on ULTA. Morgan Stanley reduced their price target on Ulta Beauty from $313.00 to $245.00 and set an equal weight rating for the company in a research report on Monday, August 28th. Cowen set a $336.00 price target on Ulta Beauty and gave the stock a buy rating in a research report on Friday, October 20th. Loop Capital set a $300.00 price target on Ulta Beauty and gave the stock a buy rating in a research report on Sunday. Cleveland Research cut Ulta Beauty from a buy rating to a neutral rating and boosted their price target for the stock from $189.50 to $314.00 in a research report on Thursday, October 12th. Finally, Telsey Advisory Group reduced their price target on Ulta Beauty from $360.00 to $300.00 and set an outperform rating for the company in a research report on Friday, August 25th. 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 given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $257.39.
Ulta Beauty (NASDAQ ULTA) opened at $223.14 on Friday. Ulta Beauty has a 52 week low of $187.96 and a 52 week high of $314.86. The company has a market capitalization of $13,640.00, a PE ratio of 28.86, a price-to-earnings-growth ratio of 1.37 and a beta of 0.55.
Several hedge funds and other institutional investors have recently bought and sold shares of ULTA. Sun Life Financial INC raised its holdings in Ulta Beauty by 4,655.6% in the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after acquiring an additional 419 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Ulta Beauty in the 2nd quarter valued at approximately $157,000. QS Investors LLC raised its holdings in Ulta Beauty by 0.8% in the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after acquiring an additional 6 shares in the last quarter. Cypress Capital Group acquired a new position in Ulta Beauty in the 2nd quarter valued at approximately $218,000. Finally, QCM Cayman Ltd. acquired a new position in Ulta Beauty in the 2nd quarter valued at approximately $248,000. 88.45% of the stock is owned by institutional investors and hedge funds.
WARNING: “Ulta Beauty (ULTA) Given a $270.00 Price Target at KeyCorp” was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.com-unik.info/2017/12/07/ulta-beauty-ulta-given-a-270-00-price-target-at-keycorp.html.
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.
What are top analysts saying about Ulta Beauty Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ulta Beauty Inc. and related companies.