Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) Shares Up 1.3%
Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA)’s share price shot up 1.3% on Wednesday . The company traded as high as $248.88 and last traded at $248.09, with a volume of 1,098,236 shares traded. The stock had previously closed at $244.97.
A number of research firms recently weighed in on ULTA. Cowen and Company boosted their price target on shares of Ulta Salon, Cosmetics & Fragrance from $265.00 to $286.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. KeyCorp boosted their target price on shares of Ulta Salon, Cosmetics & Fragrance from $220.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, May 27th. Piper Jaffray Cos. reiterated a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a report on Sunday, May 29th. Oppenheimer Holdings Inc. boosted their target price on shares of Ulta Salon, Cosmetics & Fragrance from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Monday, May 23rd. Finally, Telsey Advisory Group reiterated a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a report on Sunday, May 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $258.25.
The company’s 50 day moving average price is $261.05 and its 200 day moving average price is $220.64. The stock has a market cap of $15.43 billion and a P/E ratio of 43.52.
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 analysts’ consensus estimates of $1.40 by $0.03. The company earned $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 EPS. On average, analysts anticipate that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.22 earnings per share for the current year.
A hedge fund recently raised its stake in Ulta Salon, Cosmetics & Fragrance stock. BlackRock Advisors LLC boosted its stake in shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) by 412.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,866 shares of the company’s stock after buying an additional 60,262 shares during the period. BlackRock Advisors LLC owned about 0.12% of Ulta Salon, Cosmetics & Fragrance worth $13,851,000 at the end of the most recent reporting 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.
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.