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Ulta Beauty (NASDAQ:ULTA) has been downgraded from Buy to Neutral in a report by Cleveland Research earlier today.

Cleveland Research has downgraded Ulta Beauty (NASDAQ:ULTA) from Buy to Neutral in a report released on 10/12/2017.

On 8/25/2017, BMO Capital released a statement for Ulta Beauty (NASDAQ:ULTA) bumped down the target price from $345.00 to $235.00 that suggested an upside of 0.01%.

Yesterday Ulta Beauty (NASDAQ:ULTA) traded -6.46% lower at $207.89. The company’s 50-day moving average is $222.29 and its 200-day moving average is $264.19. The last stock close price is down -26.40% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 2,567,102 shares of the stock traded hands, up from an average trading volume of 1,305,490

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Ulta Beauty (NASDAQ:ULTA)

Ulta Beauty has a 52 week low of $189.50 and a 52 week high of $314.86 with a P/E ratio of 25.89 The company’s market cap is currently $0.

Also covering Ulta Beauty's target, a total of 17 equity analysts have released a ratings update on ULTA. The one year target is $209.82 with seven equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About Ulta Beauty (NASDAQ:ULTA)

Ulta Beauty, Inc. is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company's own private label. The Company also offers a full-service salon in every store featuring hair, skin and brow services. The Company operates approximately 970 retail stores across over 48 states and the District of Columbia and also distributes its products through its Website, which includes a collection of tips, tutorials and social content. The Company offers makeup products, such as foundation, face powder, concealer, color correcting, face primer, blush, bronzer, contouring, highlighter, setting spray, shampoos, conditioners, hair styling products, hair styling tools and perfumes. The Company also offers makeup brushes and tools, and makeup bags and cases.

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