.jpg "Ulta Beauty Inc (NASDAQ: ULTA)")
After Oppenheimer and Piper Jaffray gave Ulta Beauty Inc (NASDAQ: ULTA) a Buy rating last month, the company received another Buy, this time from Credit Suisse. Analyst Michael Binetti maintained a Buy rating on Ulta Beauty Inc yesterday and set a price target of $340. The company’s shares closed yesterday at $254.47.
According to TipRanks.com, Binetti is a 4-star analyst with an average return of 9.8% and a 52.9% success rate. Binetti covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Ralph Lauren Corp, and Burlington Stores.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ulta Beauty Inc with a $317.69 average price target, representing a 24.8% upside. In a report issued on November 26, Nomura also maintained a Buy rating on the stock with a $305 price target.
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The company has a one-year high of $322.49 and a one-year low of $191.70. Currently, Ulta Beauty Inc has an average volume of 1.05M.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2018, Lorna Nagler, a Director at ULTA sold 2,000 shares for a total of $552,380.
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 provide unmatched product breadth, value and convenience in a distinctive specialty retail environment. The company was founded in January 9, 1990 and its headquartered in Bolingbrook, IL.
