Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) was 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 changing hands. The stock had previously closed at $271.45.

Several equities research analysts have commented on ULTA shares. Piper Jaffray Cos. upped their target price on shares of Ulta Salon, Cosmetics & Fragrance from $250.00 to $290.00 and gave the company an “overweight” rating in a research note on Monday, August 22nd. Raymond James Financial Inc. downgraded shares of Ulta Salon, Cosmetics & Fragrance from a “strong-buy” rating to a “market perform” rating in a research note on Monday, May 9th. Robert W. Baird reissued an “outperform” rating and set a $300.00 price objective (up previously from $280.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Wednesday. Stifel Nicolaus reissued a “hold” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Tuesday, July 12th. Finally, Buckingham Research increased their price objective on shares of Ulta Salon, Cosmetics & Fragrance from $225.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, May 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. Ulta Salon, Cosmetics & Fragrance presently has an average rating of “Buy” and an average target price of $254.91.

The company’s 50 day moving average price is $261.33 and its 200 day moving average price is $218.14. The stock has a market capitalization of $15.90 billion and a PE ratio of 44.86.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 25th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.03. The firm earned $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 EPS. On average, equities analysts expect that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.22 EPS for the current year.

Other hedge funds recently added to or reduced their stakes in the company. Utah Retirement Systems raised its stake in 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. Bank of Montreal Can raised its stake 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 in the last quarter. KBC Group NV raised its stake 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 in the last quarter. Finally, BlackRock Advisors LLC raised its stake in 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.

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.