KeyCorp set a $270.00 price objective on Ulta Beauty (NASDAQ:ULTA) in a research note issued to investors on Sunday. The firm currently has a buy rating on the specialty retailer’s stock. KeyCorp also issued estimates for Ulta Beauty’s Q4 2018 earnings at $2.78 EPS, Q1 2019 earnings at $2.32 EPS, Q2 2019 earnings at $2.23 EPS, Q3 2019 earnings at $2.12 EPS and Q4 2019 earnings at $3.24 EPS.
Several other equities analysts also recently commented on the company. Loop Capital set a $300.00 target price on Ulta Beauty and gave the stock a buy rating in a research report on Sunday. BMO Capital Markets set a $225.00 target price on Ulta Beauty and gave the stock a hold rating in a research report on Friday, December 1st. Piper Jaffray Companies set a $206.00 target price on Ulta Beauty and gave the stock a hold rating in a research report on Thursday, November 30th. Morgan Stanley set a $235.00 target price on Ulta Beauty and gave the stock a hold rating in a research report on Friday, December 1st. Finally, Wells Fargo & Company set a $220.00 target price on Ulta Beauty and gave the stock a hold rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $257.39.
Ulta Beauty (ULTA) opened at $223.97 on Friday. The company has a market capitalization of $13,520.00, a P/E ratio of 27.68, a P/E/G ratio of 1.31 and a beta of 0.55. Ulta Beauty has a 52-week low of $187.96 and a 52-week high of $314.86.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ULTA. Sun Life Financial INC increased its stake in shares of Ulta Beauty by 4,655.6% in the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 419 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Ulta Beauty in the 2nd quarter valued at $157,000. QS Investors LLC increased its stake in shares of Ulta Beauty by 0.8% in the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after buying an additional 6 shares during the period. Cypress Capital Group acquired a new stake in shares of Ulta Beauty in the 2nd quarter valued at $218,000. Finally, QCM Cayman Ltd. acquired a new stake in shares of Ulta Beauty during the second quarter worth $248,000. 88.45% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: “KeyCorp Analysts Give Ulta Beauty (ULTA) a $270.00 Price Target” was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at https://stocknewstimes.com/2017/12/06/keycorp-analysts-give-ulta-beauty-ulta-a-270-00-price-target.html.
About Ulta Beauty
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
Receive News & Ratings for Ulta Beauty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.