TD Cowen Reaffirms Their Hold Rating on Ulta Beauty (ULTA)

TD Cowen analyst Oliver Chen reiterated a Hold rating on Ulta Beauty today and set a price target of $600.00. The company’s shares closed last Friday at $556.45.

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According to TipRanks, Chen is a 4-star analyst with an average return of 7.2% and a 53.41% success rate. Chen covers the Consumer Cyclical sector, focusing on stocks such as Ermenegildo Zegna, Tapestry, and Ulta Beauty.

Currently, the analyst consensus on Ulta Beauty is a Moderate Buy with an average price target of $585.57.

The company has a one-year high of $562.11 and a one-year low of $309.01. Currently, Ulta Beauty has an average volume of 684.6K.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ULTA in relation to earlier this year. Last month, Mike C. Smith, a Director at ULTA sold 500.00 shares for a total of $264,215.00.