Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $248.42 and last traded at $247.40, with a volume of 360,892 shares traded. The stock had previously closed at $244.72.

Several equities research analysts have issued reports on the company. Telsey Advisory Group restated a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Saturday, March 12th. Wolfe Research reiterated a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Saturday, March 12th. Robert W. Baird reiterated a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Sunday, May 29th. Piper Jaffray Cos. reiterated a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Sunday, May 29th. Finally, Nomura Holdings Inc. reiterated a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Sunday, May 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. Ulta Salon, Cosmetics & Fragrance has an average rating of “Buy” and a consensus price target of $228.26.

The company has a market capitalization of $15.44 billion and a price-to-earnings ratio of 45.88. The company has a 50 day moving average of $234.03 and a 200 day moving average of $197.30.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last announced its earnings results on Thursday, May 26th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.16. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. Equities research analysts anticipate that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.13 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Quantitative Investment Management LLC purchased a new position in shares of Ulta Salon, Cosmetics & Fragrance during the fourth quarter valued at approximately $11,026,000. Cavalier Investments purchased a new position in shares of Ulta Salon, Cosmetics & Fragrance during the fourth quarter valued at approximately $2,442,000. Vanguard Group Inc. increased its position in shares of Ulta Salon, Cosmetics & Fragrance by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 4,168,250 shares of the company’s stock valued at $771,126,000 after buying an additional 126,282 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Ulta Salon, Cosmetics & Fragrance by 80.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 55,716 shares of the company’s stock valued at $10,308,000 after buying an additional 24,916 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its position in shares of Ulta Salon, Cosmetics & Fragrance by 19.1% in the fourth quarter. State of Wisconsin Investment Board now owns 159,312 shares of the company’s stock valued at $29,473,000 after buying an additional 25,569 shares during the last quarter.

Ulta Salon, Cosmetics & Fragrance, Inc is a beauty retailer. The Company operates specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services. The Company operates through three segments: retail stores, salon services and e-commerce. The Company also offers a full-service salon in every store featuring hair, skin and brow services.

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