BMO Capital Markets Raises Ulta Beauty (ULTA) Price Target to $325.00
Ulta Beauty (NASDAQ:ULTA) had its target price lifted by equities researchers at BMO Capital Markets from $280.00 to $325.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage currently has a “market perform” rating on the specialty retailer’s stock. BMO Capital Markets’ price target would indicate a potential downside of 3.96% from the company’s current price.
ULTA has been the topic of several other research reports. OTR Global raised shares of Ulta Beauty to a “positive” rating in a research note on Thursday, November 29th. Zacks Investment Research reaffirmed a “buy” rating and issued a $316.00 price target on shares of Ulta Beauty in a research note on Saturday, November 17th. Wells Fargo & Co raised their price target on shares of Ulta Beauty from $280.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday. BidaskClub downgraded shares of Ulta Beauty from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 28th. Finally, ValuEngine raised shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research note on Tuesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $313.96.
Shares of Ulta Beauty stock traded up $25.90 during trading on Friday, hitting $338.41. The stock had a trading volume of 3,880,238 shares, compared to its average volume of 805,111. The firm has a market capitalization of $18.47 billion, a PE ratio of 41.47, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. Ulta Beauty has a 12 month low of $199.15 and a 12 month high of $345.24.
A number of hedge funds and other institutional investors have recently bought and sold shares of ULTA. Robeco Institutional Asset Management B.V. increased its position in Ulta Beauty by 92.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 14,962 shares of the specialty retailer’s stock valued at $4,222,000 after purchasing an additional 7,184 shares during the period. Private Advisor Group LLC purchased a new position in Ulta Beauty during the 3rd quarter valued at about $358,000. Stratos Wealth Partners LTD. purchased a new position in Ulta Beauty during the 3rd quarter valued at about $151,000. Cambridge Investment Research Advisors Inc. increased its position in Ulta Beauty by 26.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 9,548 shares of the specialty retailer’s stock valued at $2,694,000 after purchasing an additional 1,994 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new position in Ulta Beauty during the 3rd quarter valued at about $687,000. 89.72% of the stock is currently owned by institutional investors and hedge funds.
Ulta Beauty Company Profile
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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