Ulta Beauty (NASDAQ:ULTA) had its price target upped by Wells Fargo & Co from $280.00 to $350.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Wells Fargo & Co‘s target price points to a potential upside of 12.00% from the stock’s previous close.
ULTA has been the topic of several other research reports. Loop Capital lifted their price target on Ulta Beauty from $265.00 to $300.00 and gave the stock a “hold” rating in a research 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 research report on Sunday, December 9th. BidaskClub raised Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 14th. ValuEngine lowered Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Finally, Nomura reiterated a “neutral” rating and issued a $311.00 target price (up from $305.00) on shares of Ulta Beauty in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $303.30.
ULTA opened at $312.51 on Friday. The company has a market cap of $18.47 billion, a price-to-earnings ratio of 38.30, a PEG ratio of 1.33 and a beta of 1.01. Ulta Beauty has a 52 week low of $199.15 and a 52 week high of $322.49.
Several institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. boosted its position in Ulta Beauty by 4.3% during the third quarter. Alliancebernstein L.P. now owns 2,686,897 shares of the specialty retailer’s stock worth $758,027,000 after purchasing an additional 109,978 shares in the last quarter. FMR LLC raised its holdings in shares of Ulta Beauty by 52.6% in the fourth quarter. FMR LLC now owns 1,961,393 shares of the specialty retailer’s stock worth $480,228,000 after acquiring an additional 675,832 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Ulta Beauty by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 847,947 shares of the specialty retailer’s stock worth $239,223,000 after acquiring an additional 20,257 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Ulta Beauty by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 838,542 shares of the specialty retailer’s stock worth $204,993,000 after acquiring an additional 62,309 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of Ulta Beauty by 189.8% in the fourth quarter. Two Sigma Advisers LP now owns 784,145 shares of the specialty retailer’s stock worth $191,990,000 after acquiring an additional 513,582 shares during the last quarter. Hedge funds and other institutional investors own 89.72% of the company’s stock.
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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