Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) reached a new 52-week high during trading on Monday . The company traded as high as $259.74 and last traded at $259.36, with a volume of 172,450 shares. The stock had previously closed at $258.60.

A number of equities research analysts have commented on ULTA shares. Morgan Stanley restated an “equal weight” rating and issued a $205.00 price target on shares of Ulta Salon, Cosmetics & Fragrance in a report on Monday, April 4th. Oppenheimer Holdings Inc. restated a “buy” rating and issued a $225.00 price target (up from $195.00) on shares of Ulta Salon, Cosmetics & Fragrance in a report on Tuesday, April 5th. Piper Jaffray Cos. raised their price target on shares of Ulta Salon, Cosmetics & Fragrance from $188.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, April 13th. Vetr cut shares of Ulta Salon, Cosmetics & Fragrance from a “sell” rating to a “strong sell” rating and set a $184.50 price target for the company. in a report on Wednesday, April 13th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $178.00 price target on shares of Ulta Salon, Cosmetics & Fragrance in a report on Thursday, April 14th. One 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 company. The stock currently has a consensus rating of “Buy” and an average price target of $228.26.

The stock has a market cap of $16.18 billion and a P/E ratio of 48.06. The firm’s 50-day moving average price is $245.94 and its 200-day moving average price is $204.02.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, May 26th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.16. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the firm posted $1.04 earnings per share. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, equities research analysts predict that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.14 EPS for the current fiscal year.

A number of hedge funds and institutional investors recently modified their holdings of the stock. Utah Retirement Systems increased its position in shares of Ulta Salon, Cosmetics & Fragrance by 0.9% in the fourth quarter. Utah Retirement Systems now owns 11,592 shares of the company’s stock worth $2,144,000 after buying an additional 100 shares during the last quarter. KBC Group NV increased its position in shares of Ulta Salon, Cosmetics & Fragrance by 760.2% in the fourth quarter. KBC Group NV now owns 24,835 shares of the company’s stock worth $4,595,000 after buying an additional 21,948 shares during the last quarter. State of Tennessee Treasury Department bought a new position in shares of Ulta Salon, Cosmetics & Fragrance during the fourth quarter worth about $2,775,000. Catalyst Capital Advisors LLC increased its position in shares of 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 last quarter. Finally, Stephens Inc. AR increased its position in shares of 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 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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