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.

Several equities analysts have issued reports on the stock. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $300.00 price target (up from $260.00) on shares of Ulta Salon, Cosmetics & Fragrance in a report on Wednesday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating on shares of Ulta Salon, Cosmetics & Fragrance in a report on Tuesday, July 12th. Robert W. Baird reaffirmed an “outperform” rating on shares of Ulta Salon, Cosmetics & Fragrance in a report on Tuesday, June 28th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $250.00 price target (up from $235.00) on shares of Ulta Salon, Cosmetics & Fragrance in a report on Saturday, June 25th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $230.00 price target (up from $205.00) on shares of Ulta Salon, Cosmetics & Fragrance in a report on Tuesday, May 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $232.09.

The firm has a 50-day moving average of $258.42 and a 200-day moving average of $214.48. The company has a market capitalization of $17.15 billion and a PE ratio of 50.94.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, May 26th. The company reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.16. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business earned $1.04 earnings per share. Ulta Salon, Cosmetics & Fragrance’s revenue was up 23.7% compared to the same quarter last year. Analysts forecast that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.14 earnings per share for the current year.

A number of large investors recently made changes to their positions in the company. Bank of Montreal Can raised its stake in shares of 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 in the last quarter. Utah Retirement Systems raised its stake 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 in the last quarter. Stephens Inc. AR raised its stake 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 in the last quarter. KBC Group NV raised its stake 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 in the last quarter. Finally, BlackRock Advisors LLC raised its stake 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 in 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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