Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $263.56 and last traded at $261.02, with a volume of 157,579 shares changing hands. The stock had previously closed at $262.35.

ULTA has been the topic of several research analyst reports. Piper Jaffray Cos. raised their target price on shares of Ulta Salon, Cosmetics & Fragrance from $188.00 to $220.00 and gave the company an “overweight” rating in a research note 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 target price on the stock. in a research note on Wednesday, April 13th. Deutsche Bank AG reissued a “hold” rating and set a $178.00 target price on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Thursday, April 14th. BB&T Corp. initiated coverage on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Wednesday, April 20th. They set a “hold” rating on the stock. Finally, Raymond James Financial Inc. lowered shares of Ulta Salon, Cosmetics & Fragrance from a “strong-buy” rating to a “market perform” rating in a research report on Monday, May 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. Ulta Salon, Cosmetics & Fragrance presently has a consensus rating of “Buy” and a consensus price target of $232.09.

The firm’s 50-day moving average is $250.70 and its 200 day moving average is $208.10. The firm has a market cap of $16.31 billion and a PE ratio of 48.44.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last posted its quarterly 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. The business earned $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company posted $1.04 EPS. The firm’s revenue was up 23.7% on a year-over-year basis. On average, equities research analysts expect that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.14 EPS for the current year.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Utah Retirement Systems boosted its position in Ulta Salon, Cosmetics & Fragrance by 0.9% in the fourth quarter. Utah Retirement Systems now owns 11,592 shares of the company’s stock valued at $2,144,000 after buying an additional 100 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position 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 valued at $1,411,000 after buying an additional 516 shares during the last quarter. Principal Financial Group Inc. boosted its position in Ulta Salon, Cosmetics & Fragrance by 6.2% in the fourth quarter. Principal Financial Group Inc. now owns 33,106 shares of the company’s stock valued at $6,125,000 after buying an additional 1,927 shares during the last quarter. Bank of Montreal Can boosted its position 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 valued at $1,258,000 after buying an additional 3,279 shares during the last quarter. Finally, Stephens Inc. AR boosted 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 valued at $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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