Shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) saw strong trading volume on Thursday . 489,684 shares changed hands during mid-day trading, an increase of 5% from the previous session’s volume of 467,568 shares.The stock last traded at $270.75 and had previously closed at $265.79.

A number of equities analysts recently issued reports on the company. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $300.00 price objective (up from $260.00) on shares of Ulta Salon, Cosmetics & Fragrance in a report on Wednesday, August 3rd. Stifel Nicolaus reissued a “hold” rating on shares of Ulta Salon, Cosmetics & Fragrance in a report on Tuesday, July 12th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $250.00 price objective (up from $235.00) on shares of Ulta Salon, Cosmetics & Fragrance in a report on Saturday, June 25th. Robert W. Baird reissued an “outperform” rating on shares of Ulta Salon, Cosmetics & Fragrance in a report on Tuesday, June 28th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a report on Sunday, May 29th. 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 currently has a consensus rating of “Buy” and an average price target of $232.09.

The stock’s 50 day moving average price is $257.53 and its 200-day moving average price is $213.81. The firm has a market capitalization of $16.96 billion and a P/E ratio of 50.39.

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

A number of hedge funds and institutional investors recently bought and sold shares of the company. 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 period. 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 period. Marshall Wace LLP bought a new position in Ulta Salon, Cosmetics & Fragrance during the fourth quarter valued at $7,269,000. 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 period. Finally, KBC Group NV boosted its position 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 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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