Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) reached 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 changing hands. The stock had previously closed at $261.21.

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Sunday, May 29th. Piper Jaffray Cos. reiterated a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Sunday, May 29th. Royal Bank Of Canada reiterated a “hold” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Sunday, May 29th. Robert W. Baird reiterated a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Sunday, May 29th. Finally, Telsey Advisory Group reiterated a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Sunday, May 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $228.26.

The firm has a 50 day moving average price of $248.81 and a 200-day moving average price of $206.95. The stock has a market cap of $16.05 billion and a price-to-earnings ratio of 47.68.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last announced its quarterly earnings data 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 quarter in the previous year, the business posted $1.04 EPS. The company earned $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. The company’s revenue was up 23.7% on a year-over-year basis. Equities analysts expect that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.14 earnings per share for the current year.

Several hedge funds and institutional investors recently modified their holdings of ULTA. Vanguard Group Inc. boosted its position in shares of 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 worth $771,126,000 after buying an additional 126,282 shares during the last quarter. Cibc World Markets Corp boosted its position in shares of Ulta Salon, Cosmetics & Fragrance by 4.7% in the fourth quarter. Cibc World Markets Corp now owns 118,302 shares of the company’s stock worth $21,886,000 after buying an additional 5,302 shares during the last quarter. Navellier & Associates Inc boosted its position in shares of 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 last quarter. BlackRock Advisors LLC boosted its position in shares of Ulta Salon, Cosmetics & Fragrance by 412.6% in the fourth quarter. BlackRock Advisors LLC now owns 74,866 shares of the company’s stock worth $13,851,000 after buying an additional 60,262 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted 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.

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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