Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA)’s share price traded down 5.7% during trading on Friday . The stock traded as low as $250.24 and last traded at $256.11, with a volume of 3,870,616 shares trading hands. The stock had previously closed at $271.45.

Several equities analysts have commented on the company. JPMorgan Chase & Co. increased their price target on Ulta Salon, Cosmetics & Fragrance from $231.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, May 27th. Nomura restated a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Sunday, May 29th. Deutsche Bank AG raised their price objective on shares of Ulta Salon, Cosmetics & Fragrance from $178.00 to $225.00 and gave the stock a “hold” rating in a research note on Friday, May 27th. Robert W. Baird restated a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Sunday, May 29th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note 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 assigned a buy rating to the stock. Ulta Salon, Cosmetics & Fragrance currently has an average rating of “Buy” and an average price target of $254.91.

The firm’s 50 day moving average price is $261.12 and its 200 day moving average price is $217.43. The firm has a market capitalization of $15.92 billion and a P/E ratio of 47.28.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last posted its earnings results on Thursday, August 25th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm posted $1.15 earnings per share. The firm’s revenue was up 21.9% compared to the same quarter last year. Equities research analysts predict that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.17 EPS for the current year.

A number of hedge funds and institutional investors have recently modified their holdings of the stock. 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 worth $13,851,000 after buying an additional 60,262 shares in the last quarter. 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 worth $2,144,000 after buying an additional 100 shares in the last quarter. 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 worth $4,595,000 after buying an additional 21,948 shares in the last quarter. Finally, Bank of Montreal Can raised its position 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 worth $1,258,000 after buying an additional 3,279 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.