Stifel Nicolaus Sticks to Their Hold Rating for Ulta Salon

By Ryan Adsit

In a report released today, Mark Astrachan from Stifel Nicolaus reiterated a Hold rating on Ulta Salon (NASDAQ: ULTA), with a price target of $305. The company’s shares closed yesterday at $293.04, close to its 52-week high of $301.40.

According to TipRanks.com, Astrachan is a 2-star analyst with an average return of 0.9% and a 58.9% success rate. Astrachan covers the Consumer Goods sector, focusing on stocks such as Estee Lauder Companies, Keurig Green Mountain, and Monster Beverage Corp.

Currently, the analyst consensus on Ulta Salon is Moderate Buy and the average price target is $312.90, representing a 6.8% upside.

In a report issued on May 23, RBC Capital also reiterated a Hold rating on the stock with a $300 price target.

The company has a one year high of $301.40 and a one year low of $225.13. Currently, Ulta Salon has an average volume of 691.8K.

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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.