Ulta Salon Receives a Hold from Oppenheimer

By Carrie Williams

In a report released today, Rupesh Parikh from Oppenheimer assigned a Hold rating to Ulta Salon (NASDAQ: ULTA). The company’s shares closed yesterday at $223.14.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 16.3% and a 62.4% success rate. Parikh covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, United Natural Foods, and Wal-Mart Stores Inc.

Currently, the analyst consensus on Ulta Salon is Moderate Buy and the average price target is $246.58, representing a 10.5% upside.

In a report issued on November 30, Raymond James also maintained a Hold rating on the stock.

Ulta Salon’s market cap is currently $13.63B and has a P/E ratio of 28.53. The company has a book value ratio of 8.4329.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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 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.