Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) reached a new 52-week high on Tuesday . The stock traded as high as $256.91 and last traded at $256.91, with a volume of 410,730 shares trading hands. The stock had previously closed at $256.09.

Several equities research analysts have recently weighed in on ULTA shares. Vetr cut Ulta Salon, Cosmetics & Fragrance from a “hold” rating to a “sell” rating and set a $185.86 price objective for the company. in a research report on Monday, March 21st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $205.00 target price on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Monday, April 4th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $225.00 target price (up from $195.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Tuesday, April 5th. Piper Jaffray Cos. raised their target price on Ulta Salon, Cosmetics & Fragrance from $188.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 13th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $178.00 target price on shares of Ulta Salon, Cosmetics & Fragrance in a research 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 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 50 day moving average price of $242.86 and a 200 day moving average price of $201.28. The stock has a market capitalization of $16.05 billion and a PE ratio of 47.66.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last released its earnings results on Thursday, May 26th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.16. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. The business’s 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 year.

Several hedge funds recently added to or reduced their stakes in ULTA. Bank of Montreal Can increased 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. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased 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 bought a new stake in Ulta Salon, Cosmetics & Fragrance during the fourth quarter worth $1,842,000. Creative Planning increased 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. Finally, Twin Capital Management Inc. increased its stake in Ulta Salon, Cosmetics & Fragrance by 29.3% in the fourth quarter. Twin Capital Management Inc. now owns 13,030 shares of the company’s stock worth $2,411,000 after buying an additional 2,950 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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