In a report released today, Simeon Gutman from Morgan Stanley maintained a Hold rating on Ulta Beauty (ULTA – Research Report), with a price target of $510.00. The company’s shares opened today at $490.83.
Gutman covers the Consumer Goods sector, focusing on stocks such as O’Reilly Auto, AutoZone, and Dick’s Sporting Goods. According to TipRanks, Gutman has an average return of 1.2% and a 58.38% success rate on recommended stocks.
Ulta Beauty has an analyst consensus of Moderate Buy, with a price target consensus of $516.05.
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The company has a one-year high of $495.89 and a one-year low of $330.80. Currently, Ulta Beauty has an average volume of 693.9K.
Based on the recent corporate insider activity of 37 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. Last month, David Kimbell, the CEO of ULTA sold 11,489.00 shares for a total of $5,366,957.82.
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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.
Read More on ULTA:
- Conagra doesn’t see need for ‘big’ price hikes in 2023, WSJ says
- Ulta Beauty downgraded to Underweight from Equal Weight at Wells Fargo
- Ulta Beauty price target raised to $530 from $455 at Argus
- Ulta Beauty downgraded to Neutral from Buy at Goldman Sachs
- Ulta Beauty CEO: Consumer is loving what we are offering
