Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $262.81 and last traded at $260.39, with a volume of 383,806 shares traded. The stock had previously closed at $261.21.

A number of equities research analysts have recently issued reports on ULTA shares. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Tuesday, May 24th. Piper Jaffray Cos. reaffirmed a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Thursday, April 14th. Buckingham Research boosted their target price on Ulta Salon, Cosmetics & Fragrance from $225.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, May 27th. Nomura boosted their target price on Ulta Salon, Cosmetics & Fragrance from $215.00 to $244.00 and gave the stock a “buy” rating in a research report on Friday, May 27th. Finally, Robert W. Baird reissued a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Sunday, May 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. Ulta Salon, Cosmetics & Fragrance currently has a consensus rating of “Buy” and an average target price of $228.26.

The firm’s 50 day moving average is $247.68 and its 200 day moving average is $205.38. The firm has a market capitalization of $16.25 billion and a PE ratio of 48.27.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last posted its earnings results on Thursday, May 26th. The company reported $1.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.16. The business 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. Analysts forecast that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.14 earnings per share for the current year.

A number of hedge funds and institutional investors have bought and sold shares of the company. Vanguard Group Inc. raised its position in Ulta Salon, Cosmetics & Fragrance by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 4,168,250 shares of the company’s stock valued at $771,126,000 after buying an additional 126,282 shares in the last quarter. BlackRock Advisors LLC increased its stake in Ulta Salon, Cosmetics & Fragrance by 412.6% in the fourth quarter. BlackRock Advisors LLC now owns 74,866 shares of the company’s stock valued at $13,851,000 after buying an additional 60,262 shares in the last quarter. Marshall Wace LLP purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the fourth quarter valued at about $7,269,000. KBC Group NV increased its stake in Ulta Salon, Cosmetics & Fragrance by 760.2% in the fourth quarter. KBC Group NV now owns 24,835 shares of the company’s stock valued at $4,595,000 after buying an additional 21,948 shares in the last quarter. Finally, Dai Ichi Life Insurance CO. LTD. purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the fourth quarter valued at about $2,996,000.

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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