Ulta Beauty (NASDAQ:ULTA) was upgraded by Buckingham Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, December 19th, Marketbeat reports. The brokerage presently has a $225.00 price target on the specialty retailer’s stock. Buckingham Research’s price objective would indicate a potential downside of 5.20% from the company’s previous close. The analysts noted that the move was a valuation call.
Several other analysts have also issued reports on ULTA. Piper Jaffray Companies reiterated a “buy” rating and issued a $260.00 target price on shares of Ulta Beauty in a research report on Sunday, October 1st. Robert W. Baird set a $295.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Sunday, October 1st. Royal Bank of Canada reiterated a “hold” rating on shares of Ulta Beauty in a research report on Wednesday, September 27th. Cowen set a $246.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Friday, December 1st. Finally, Jefferies Group set a $300.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Ulta Beauty has an average rating of “Buy” and a consensus price target of $261.05.
Shares of Ulta Beauty (ULTA) traded up $4.20 during midday trading on Tuesday, hitting $237.35. 1,090,000 shares of the stock traded hands, compared to its average volume of 1,490,000. Ulta Beauty has a 1-year low of $187.96 and a 1-year high of $314.86. The firm has a market capitalization of $14,480.00, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 1.45 and a beta of 0.55.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2018/01/12/buckingham-research-upgrades-ulta-beauty-ulta-to-buy.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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.