Telsey Advisory Believes Ulta Beauty Inc (NASDAQ: ULTA) Still Has Room to Grow

By Carrie Williams

Telsey Advisory analyst Dana Telsey maintained a Buy rating on Ulta Beauty Inc (ULTAResearch Report) today and set a price target of $375. The company’s shares opened today at $338.41, close to its 52-week high of $345.24.

According to, Telsey is a 4-star analyst with an average return of 13.3% and a 59.4% success rate. Telsey covers the Services sector, focusing on stocks such as Ralph Lauren Corp, Burlington Stores, and Children’s Place.

Currently, the analyst consensus on Ulta Beauty Inc is a Moderate Buy with an average price target of $329.87, implying a -2.5% downside from current levels. In a report issued on March 8, J.P. Morgan also maintained a Buy rating on the stock with a $345 price target.

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Ulta Beauty Inc’s market cap is currently $18.58B and has a P/E ratio of 31.51. The company has a Price to Book ratio of 10.96.

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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.