Jefferies Issues a Hold Rating on Ulta Salon

By Ryan Adsit

Jefferies analyst Randal Konik reiterated a Hold rating on Ulta Salon (NASDAQ: ULTA) on March 10 and set a price target of $266. The company’s shares closed yesterday at $286.91, close to its 52-week high of $288.59.

According to TipRanks.com, Konik is a 2-star analyst with an average return of 0.0% and a 46.7% success rate. Konik covers the Services sector, focusing on stocks such as Eros International, Abercrombie Fitch, and Acushnet Holdings.

Currently, the analyst consensus on Ulta Salon is Moderate Buy and the average price target is $305, representing a 6.3% upside.

In a report issued on March 6, Loop Capital Markets also maintained a Hold rating on the stock with a $285 price target.

The company has a one year high of $288.59 and a one year low of $186.60. Currently, Ulta Salon has an average volume of 681.3K.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is neutral on the stock. Most recently, in September 2016, Catherine Ann Halligan, a Director at ULTA sold 400 shares for a total of $95,760.

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 engages its products and services in retail stores, salon services, and e-commerce. The company was founded in January 9, 1990 and its headquartered in Bolingbrook, IL.