.jpg "Ulta Beauty Inc (NASDAQ: ULTA)")
In a report released today, Simeon Gutman from Morgan Stanley maintained a Buy rating on Ulta Beauty Inc (ULTA), with a price target of $375. The company’s shares opened today at $346.76, close to its 52-week high of $355.73.
According to TipRanks.com, Gutman is a 4-star analyst with an average return of 4.3% and a 57.9% success rate. Gutman covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Wal-Mart Stores Inc.
Currently, the analyst consensus on Ulta Beauty Inc is a Strong Buy with an average price target of $352.38, representing a 1.6% upside. In a report released today, J.P. Morgan also maintained a Buy rating on the stock with a $390 price target.
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Based on Ulta Beauty Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $215 million. In comparison, last year the company had a net profit of $208 million.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. Last month, David Kimbell, the Chief Merchandising and Marketing Officer of ULTA sold 15,452 shares for a total of $5,153,087.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ulta Beauty, Inc. is a beauty retailer of cosmetics, fragrance, skin care products, hair care products, and salon services. It provides unmatched product breadth, value and convenience in a distinctive specialty retail environment. The company was founded in January 9, 1990 and is headquartered in Bolingbrook, IL.
