Ulta Beauty (NASDAQ:ULTA) Price Target Lowered to $228.00 at Piper Jaffray Companies

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Ulta Beauty (NASDAQ:ULTA) had its price target reduced by Piper Jaffray Companies from $250.00 to $228.00 in a report published on Monday morning, The Fly reports. Piper Jaffray Companies currently has a neutral rating on the specialty retailer’s stock.

A number of other equities analysts have also recently weighed in on the stock. Barclays assumed coverage on shares of Ulta Beauty in a research report on Tuesday, November 12th. They set an equal weight rating and a $251.00 price target on the stock. BidaskClub lowered shares of Ulta Beauty from a sell rating to a strong sell rating in a report on Thursday, November 21st. Oppenheimer dropped their price objective on shares of Ulta Beauty from $390.00 to $310.00 and set an outperform rating on the stock in a report on Friday, August 30th. Goldman Sachs Group assumed coverage on shares of Ulta Beauty in a report on Thursday, October 3rd. They set a neutral rating and a $276.00 price objective on the stock. Finally, Telsey Advisory Group restated an outperform rating and set a $330.00 price objective (down from $375.00) on shares of Ulta Beauty in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $286.74.

Shares of NASDAQ ULTA opened at $236.27 on Monday. The company’s fifty day moving average is $239.10 and its 200-day moving average is $294.42. The stock has a market cap of $13.76 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 1.18 and a beta of 1.11. Ulta Beauty has a twelve month low of $222.00 and a twelve month high of $368.83. The company has a quick ratio of 0.57, a current ratio of 1.80 and a debt-to-equity ratio of 0.92.

In other Ulta Beauty news, CEO Mary N. Dillon purchased 1,300 shares of the stock in a transaction on Thursday, September 26th. The shares were purchased at an average cost of $237.17 per share, for a total transaction of $308,321.00. Following the purchase, the chief executive officer now owns 79,256 shares of the company’s stock, valued at $18,797,145.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles Heilbronn purchased 115,258 shares of the stock in a transaction on Thursday, September 26th. The stock was acquired at an average price of $236.41 per share, for a total transaction of $27,248,143.78. Following the completion of the purchase, the director now directly owns 60,368 shares in the company, valued at approximately $14,271,598.88. The disclosure for this purchase can be found here. Insiders acquired a total of 186,567 shares of company stock worth $44,964,903 over the last quarter. Company insiders own 4.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Metropolitan Life Insurance Co NY increased its stake in Ulta Beauty by 3.9% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 11,482 shares of the specialty retailer’s stock valued at $2,878,000 after buying an additional 426 shares during the last quarter. Select Equity Group L.P. acquired a new stake in Ulta Beauty in the 3rd quarter valued at $94,563,000. Cleararc Capital Inc. increased its stake in Ulta Beauty by 6.6% in the 3rd quarter. Cleararc Capital Inc. now owns 900 shares of the specialty retailer’s stock valued at $226,000 after buying an additional 56 shares during the last quarter. National Pension Service increased its stake in Ulta Beauty by 5.4% in the 3rd quarter. National Pension Service now owns 87,416 shares of the specialty retailer’s stock valued at $21,911,000 after buying an additional 4,467 shares during the last quarter. Finally, Banco de Sabadell S.A acquired a new position in shares of Ulta Beauty during the 3rd quarter worth about $61,000. Hedge funds and other institutional investors own 86.81% 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, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

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