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Beauty Retailer Ulta Gets a Pretty Upgrade From Goldman Sachs

NEW YORK (TheStreet) -- Shares of Ulta are getting a boost on Thursday after Goldman Sachs analysts upgraded the stock to Buy from Neutral.


Shares of Ulta (ULTA) are climbing on Thursday after Goldman Sachs analysts upgraded the stock to Buy from Neutral.

Goldman Sachs also increased its  price objective on the stock to $118, up from $107.

At last check, shares of Ulta were up more than 3% to $104.45 on the news.

In other news, according to an SEC filing, Ulta CEO Mary Dillon bought 5,000 shares of the stock on Tuesday at an average price of $97.35 a share, for a total investment of nearly $487,000.

The beauty retailer last reported quarterly results on Thursday, March 13, when it said it earned $1.09 a share for the period, beating analyst estimates by 2 cents, according to Thomson Reuters.  Revenue exceeded expectations as well.

In New York, I'm Brittany Umar for TheStreet.

Written by Brittany Umar in New York.

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