Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $360.00 at Piper Sandler

Ulta Beauty (NASDAQ:ULTA) had its target price upped by Piper Sandler from $357.00 to $360.00 in a report released on Tuesday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the specialty retailer’s stock.

Several other brokerages also recently issued reports on ULTA. Stifel Nicolaus increased their price objective on Ulta Beauty from $385.00 to $395.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Loop Capital cut their target price on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. Evercore ISI lowered their price target on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. Finally, Raymond James cut their price objective on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $421.71.

Ulta Beauty Stock Up 0.3 %

ULTA opened at $395.30 on Tuesday. The firm has a market capitalization of $18.63 billion, a P/E ratio of 15.86, a PEG ratio of 2.26 and a beta of 1.32. The stock has a fifty day moving average of $373.98 and a 200-day moving average of $376.10. Ulta Beauty has a 12-month low of $318.17 and a 12-month high of $574.76.

Institutional Trading of Ulta Beauty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its position in shares of Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after acquiring an additional 1,237,884 shares during the period. Geode Capital Management LLC boosted its holdings in Ulta Beauty by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock valued at $461,059,000 after purchasing an additional 10,153 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in Ulta Beauty in the 3rd quarter worth $359,480,000. TD Asset Management Inc increased its holdings in shares of Ulta Beauty by 14.1% during the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after purchasing an additional 76,721 shares during the period. Finally, Champlain Investment Partners LLC raised its position in shares of Ulta Beauty by 5.4% during the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after buying an additional 31,540 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.