Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $269.82 and last traded at $269.26, with a volume of 207,795 shares traded. The stock had previously closed at $266.80.

Several equities research analysts have issued reports on ULTA shares. Robert W. Baird reissued an “outperform” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Tuesday, June 28th. Stifel Nicolaus reissued a “hold” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Tuesday, July 12th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $300.00 target price (up previously from $260.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Wednesday, August 3rd. Vetr cut Ulta Salon, Cosmetics & Fragrance from a “sell” rating to a “strong sell” rating and set a $184.50 target price for the company. in a research note on Monday, April 25th. Finally, Raymond James Financial Inc. cut Ulta Salon, Cosmetics & Fragrance from a “strong-buy” rating to a “market perform” rating in a research note on Monday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $232.09.

The firm has a market capitalization of $16.61 billion and a P/E ratio of 49.33. The stock has a 50 day moving average price of $255.80 and a 200 day moving average price of $213.02.

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

Other hedge funds and institutional investors have recently modified their holdings of the company. BlackRock Advisors LLC raised 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 valued at $13,851,000 after buying an additional 60,262 shares during the period. Utah Retirement Systems raised 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 valued at $2,144,000 after buying an additional 100 shares during the period. KBC Group NV raised 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 valued at $4,595,000 after buying an additional 21,948 shares during the period. Stephens Inc. AR raised 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 valued at $2,412,000 after buying an additional 5,411 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Ulta Salon, Cosmetics & Fragrance during the fourth quarter valued at $7,269,000.

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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