Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) shares reached a new 52-week high during mid-day 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.

Several research analysts have recently issued reports on the company. KeyCorp upped their price objective on Ulta Salon, Cosmetics & Fragrance from $220.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, May 27th. Vetr raised Ulta Salon, Cosmetics & Fragrance from a “strong sell” rating to a “sell” rating and set a $184.50 price objective for the company in a research note on Monday, May 2nd. Piper Jaffray Cos. reaffirmed a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Sunday, May 29th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $178.00 price objective on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Thursday, April 14th. Finally, Oppenheimer Holdings Inc. upped their price objective on Ulta Salon, Cosmetics & Fragrance from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Monday, May 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. Ulta Salon, Cosmetics & Fragrance currently has a consensus rating of “Buy” and a consensus price target of $232.09.

The stock has a market cap of $16.39 billion and a P/E ratio of 48.699. The stock has a 50-day moving average price of $251.98 and a 200 day moving average price of $209.80.

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, topping the Zacks’ consensus estimate of $1.29 by $0.16. The firm earned $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm earned $1.04 EPS. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, equities analysts predict that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.14 earnings per share for the current year.

A number of institutional investors recently made changes to their positions in the company. Marshall Wace LLP bought a new position in shares of Ulta Salon, Cosmetics & Fragrance during the fourth quarter worth approximately $7,269,000. 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 period. Utah Retirement Systems boosted 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 period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of 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 period. Finally, Principal Financial Group Inc. boosted its position in shares of 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 worth $6,125,000 after buying an additional 1,927 shares during the period.

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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