Shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) gapped up before the market opened on Friday . The stock had previously closed at $255.02, but opened at $255.11. Ulta Salon, Cosmetics & Fragrance shares last traded at $256.05, with a volume of 332,114 shares.

A number of brokerages recently issued reports on ULTA. Stifel Nicolaus reissued a “hold” rating on shares of Ulta Salon, Cosmetics & Fragrance in a report on Tuesday, July 12th. Piper Jaffray Cos. reissued an “overweight” rating and set a $250.00 price objective (up previously from $235.00) on shares of Ulta Salon, Cosmetics & Fragrance in a report on Saturday, June 25th. Robert W. Baird reissued an “outperform” rating on shares of Ulta Salon, Cosmetics & Fragrance in a report on Tuesday, June 28th. Nomura Holdings Inc. reissued a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a report on Sunday, May 29th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a report on Sunday, May 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $228.26.

The company has a market cap of $15.98 billion and a price-to-earnings ratio of 47.46. The stock has a 50-day moving average of $241.77 and a 200-day moving average of $200.13.

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

Several institutional investors have added to or reduced their stakes in ULTA. State of Tennessee Treasury Department acquired a new position in Ulta Salon, Cosmetics & Fragrance during the fourth quarter worth $2,775,000. Catalyst Capital Advisors LLC raised its position in Ulta Salon, Cosmetics & Fragrance by 19.3% in the fourth quarter. Catalyst Capital Advisors LLC now owns 73,775 shares of the company’s stock worth $13,649,000 after buying an additional 11,960 shares during the period. Stephens Inc. AR raised its position in Ulta Salon, Cosmetics & Fragrance by 70.9% in the fourth quarter. Stephens Inc. AR now owns 13,040 shares of the company’s stock worth $2,412,000 after buying an additional 5,411 shares during the period. Marshall Wace LLP acquired a new position in Ulta Salon, Cosmetics & Fragrance during the fourth quarter worth $7,269,000. Finally, Navellier & Associates Inc raised its position in Ulta Salon, Cosmetics & Fragrance by 4.1% in the fourth quarter. Navellier & Associates Inc now owns 104,373 shares of the company’s stock worth $19,309,000 after buying an additional 4,143 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.