Shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) hit a new 52-week high on Tuesday . The company traded as high as $254.65 and last traded at $253.69, with a volume of 263,538 shares traded. The stock had previously closed at $252.29.

A number of analysts have weighed in on ULTA shares. Vetr downgraded Ulta Salon, Cosmetics & Fragrance from a “hold” rating to a “sell” rating and set a $185.86 price target for the company. in a report on Monday, March 21st. Robert W. Baird reiterated an “outperform” rating on shares of Ulta Salon, Cosmetics & Fragrance in a report on Tuesday, June 28th. Morgan Stanley reiterated an “equal weight” rating and set a $205.00 price target on shares of Ulta Salon, Cosmetics & Fragrance in a report on Monday, April 4th. Zacks Investment Research upgraded Ulta Salon, Cosmetics & Fragrance from a “hold” rating to a “buy” rating and set a $213.00 price target for the company in a report on Tuesday, March 15th. Finally, Piper Jaffray Cos. reiterated a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a report on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Ulta Salon, Cosmetics & Fragrance presently has a consensus rating of “Buy” and a consensus target price of $228.26.

The company has a 50 day moving average price of $236.58 and a 200-day moving average price of $198.44. The company has a market cap of $15.87 billion and a P/E ratio of 47.142.

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

Other large investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in Ulta Salon, Cosmetics & Fragrance by 93.0% in the fourth quarter. Bank of Montreal Can now owns 6,805 shares of the company’s stock worth $1,258,000 after buying an additional 3,279 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Ulta Salon, Cosmetics & Fragrance by 2.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 7,000 shares of the company’s stock worth $1,295,000 after buying an additional 200 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in Ulta Salon, Cosmetics & Fragrance by 7.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 7,627 shares of the company’s stock worth $1,411,000 after buying an additional 516 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the fourth quarter worth approximately $1,842,000. Finally, Creative Planning boosted its stake in Ulta Salon, Cosmetics & Fragrance by 39.8% in the fourth quarter. Creative Planning now owns 10,669 shares of the company’s stock worth $1,974,000 after buying an additional 3,040 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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