Ulta Beauty (NASDAQ:ULTA – Get Rating) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Friday.

Other analysts have also issued reports about the stock. Argus upped their price target on shares of Ulta Beauty from $455.00 to $530.00 in a research report on Thursday, January 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Ulta Beauty from $589.00 to $607.00 in a research report on Friday, December 2nd. UBS Group upped their price target on shares of Ulta Beauty from $540.00 to $590.00 and gave the company a "buy" rating in a research report on Friday, December 2nd. Robert W. Baird upped their price target on shares of Ulta Beauty from $500.00 to $550.00 in a research report on Friday, December 2nd. Finally, Morgan Stanley upped their price target on shares of Ulta Beauty from $445.00 to $510.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Ulta Beauty presently has a consensus rating of "Moderate Buy" and an average target price of $514.95.

Ulta Beauty Stock Down 0.0 %

NASDAQ:ULTA traded down $0.07 during midday trading on Friday, hitting $520.76. The company had a trading volume of 336,621 shares, compared to its average volume of 507,184. Ulta Beauty has a 52-week low of $330.80 and a 52-week high of $528.64. The stock's fifty day moving average price is $478.04 and its 200-day moving average price is $432.87. The company has a market capitalization of $26.50 billion, a PE ratio of 22.89, a P/E/G ratio of 1.57 and a beta of 1.32.

Hedge Funds Weigh In On Ulta Beauty

A number of institutional investors have recently bought and sold shares of ULTA. Institute for Wealth Management LLC. grew its stake in shares of Ulta Beauty by 1.8% in the 4th quarter. Institute for Wealth Management LLC. now owns 1,103 shares of the specialty retailer's stock worth $517,000 after buying an additional 20 shares in the last quarter. Veriti Management LLC grew its stake in shares of Ulta Beauty by 4.1% in the 4th quarter. Veriti Management LLC now owns 556 shares of the specialty retailer's stock worth $261,000 after buying an additional 22 shares in the last quarter. CENTRAL TRUST Co grew its stake in shares of Ulta Beauty by 3.0% in the 3rd quarter. CENTRAL TRUST Co now owns 835 shares of the specialty retailer's stock worth $335,000 after buying an additional 24 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of Ulta Beauty by 2.4% in the 3rd quarter. Moors & Cabot Inc. now owns 1,067 shares of the specialty retailer's stock worth $428,000 after buying an additional 25 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Ulta Beauty by 59.1% in the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer's stock worth $28,000 after buying an additional 26 shares in the last quarter. 90.47% of the stock is owned by institutional investors.

About Ulta Beauty

(Get Rating)

Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.

Further Reading

• Get a free copy of the StockNews.com research report on Ulta Beauty (ULTA)
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