Barclays Cuts Ulta Beauty (NASDAQ:ULTA) Price Target to $220.00

Ulta Beauty (NASDAQ:ULTA) had its price target dropped by analysts at Barclays from $251.00 to $220.00 in a report issued on Tuesday, The Fly reports. The firm presently has an “equal weight” rating on the specialty retailer’s stock. Barclays‘s price objective suggests a potential downside of 6.89% from the stock’s current price.

A number of other analysts have also commented on ULTA. Cowen restated a “buy” rating and issued a $300.00 price target on shares of Ulta Beauty in a report on Tuesday, November 26th. Stifel Nicolaus decreased their price objective on Ulta Beauty from $315.00 to $250.00 and set a “hold” rating for the company in a report on Friday, August 30th. Citigroup lowered Ulta Beauty from a “buy” rating to a “neutral” rating and dropped their target price for the company from $390.00 to $300.00 in a research report on Friday, August 30th. Nomura began coverage on Ulta Beauty in a research note on Friday, November 8th. They issued a “reduce” rating and a $215.00 target price on the stock. Finally, BidaskClub downgraded Ulta Beauty from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $285.39.

Shares of NASDAQ ULTA opened at $236.27 on Tuesday. The company has a fifty day moving average price of $239.10 and a 200 day moving average price of $294.42. The firm has a market cap of $13.76 billion, a PE ratio of 21.78, a PEG ratio of 1.18 and a beta of 1.11. The company has a current ratio of 1.80, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92. Ulta Beauty has a 1-year low of $222.00 and a 1-year high of $368.83.

In other news, Director Charles Heilbronn acquired 70,009 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was bought at an average price of $248.66 per share, with a total value of $17,408,437.94. Following the transaction, the director now directly owns 60,368 shares in the company, valued at approximately $15,011,106.88. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Mary N. Dillon acquired 1,300 shares of the stock in a transaction dated Thursday, September 26th. The shares were purchased at an average price of $237.17 per share, for a total transaction of $308,321.00. Following the completion of the purchase, the chief executive officer now directly owns 79,256 shares in the company, valued at $18,797,145.52. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 186,567 shares of company stock worth $44,964,903. Company insiders own 4.20% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Ulta Beauty by 0.5% in the second quarter. Vanguard Group Inc. now owns 5,897,787 shares of the specialty retailer’s stock valued at $2,045,883,000 after buying an additional 26,998 shares during the period. BlackRock Inc. increased its holdings in shares of Ulta Beauty by 5.3% in the second quarter. BlackRock Inc. now owns 4,166,032 shares of the specialty retailer’s stock valued at $1,445,154,000 after purchasing an additional 207,927 shares during the last quarter. State Street Corp increased its holdings in shares of Ulta Beauty by 2.9% in the third quarter. State Street Corp now owns 2,539,269 shares of the specialty retailer’s stock valued at $636,468,000 after purchasing an additional 72,084 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Ulta Beauty by 13.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,774,253 shares of the specialty retailer’s stock valued at $615,471,000 after purchasing an additional 210,475 shares during the period. Finally, Invesco Ltd. raised its position in shares of Ulta Beauty by 46.1% in the second quarter. Invesco Ltd. now owns 1,532,011 shares of the specialty retailer’s stock valued at $531,439,000 after purchasing an additional 483,342 shares during the period. 86.81% of the stock is currently owned by institutional investors.

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.

Further Reading: What is FinTech?

The Fly

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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.