Oppenheimer Believes Ulta Beauty (ULTA) Won’t Stop Here

Oppenheimer analyst Rupesh Parikh assigned a Buy rating to Ulta Beauty (ULTA) today and set a price target of $360.00. The company’s shares closed last Tuesday at $327.77, close to its 52-week high of $330.89.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 16.2% and a 66.2% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, The Estée Lauder Companies, and United Natural Foods.

Currently, the analyst consensus on Ulta Beauty is a Moderate Buy with an average price target of $316.06.

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Ulta Beauty’s market cap is currently $18.47B and has a P/E ratio of 121.40. The company has a Price to Book ratio of 9.79.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ULTA in relation to earlier this year.

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.

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