Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) reached 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 changing hands. The stock had previously closed at $252.29.

A number of equities research analysts have recently weighed in on ULTA shares. Vetr downgraded shares of Ulta Salon, Cosmetics & Fragrance from a “hold” rating to a “sell” rating and set a $185.86 price target on the stock. in a research note on Monday, March 21st. Robert W. Baird reiterated an “outperform” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Tuesday, June 28th. Morgan Stanley reiterated an “equal weight” rating and set a $205.00 target price on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Monday, April 4th. Piper Jaffray Cos. reiterated a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Thursday, April 14th. Finally, Oppenheimer Holdings Inc. lifted their target price on shares of Ulta Salon, Cosmetics & Fragrance from $225.00 to $235.00 and gave the stock an “outperform” rating in a research report on Monday, May 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. Ulta Salon, Cosmetics & Fragrance has an average rating of “Buy” and an average price target of $228.26.

The stock has a 50-day moving average price of $239.25 and a 200-day moving average price of $199.21. The stock has a market cap of $15.62 billion and a PE ratio of 46.41.

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, topping the consensus estimate of $1.29 by $0.16. During the same period in the previous year, the business posted $1.04 earnings per share. The firm earned $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, analysts anticipate that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.13 earnings per share for the current fiscal year.

Other hedge funds and institutional investors have recently made changes to their positions in the company. RidgeWorth Capital Management LLC boosted its position in shares of Ulta Salon, Cosmetics & Fragrance by 0.4% in the fourth quarter. RidgeWorth Capital Management LLC now owns 53,671 shares of the company’s stock valued at $9,929,000 after buying an additional 197 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position 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. Gulf International Bank UK Ltd boosted its position in Ulta Salon, Cosmetics & Fragrance by 4.7% in the fourth quarter. Gulf International Bank UK Ltd now owns 17,318 shares of the company’s stock worth $3,204,000 after buying an additional 770 shares during the last quarter. Rhumbline Advisers boosted its position in Ulta Salon, Cosmetics & Fragrance by 1.9% in the fourth quarter. Rhumbline Advisers now owns 61,416 shares of the company’s stock worth $11,362,000 after buying an additional 1,138 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Ulta Salon, Cosmetics & Fragrance by 6.2% in the fourth quarter. Principal Financial Group Inc. now owns 33,106 shares of the company’s stock worth $6,125,000 after buying an additional 1,927 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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