Zacks Investment Research downgraded shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

According to Zacks, “ULTA is the largest beauty retailer that provides one-stop shopping for prestige, mass and salon products and salon services in the United States. ULTA provides affordable indulgence to its customers by combining the product breadth, value and convenience of a beauty superstore with the distinctive environment and experience of a specialty retailer. ULTA offers a unique combination of over twenty one thousand prestige and mass beauty products across the categories of cosmetics, fragrance, haircare, skincare, bath and body products and salon styling tools, as well as salon haircare products. ULTA also offers a full-service salon in all of its stores. “

ULTA has been the subject of several other reports. Cowen and Company upped their price objective on 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 upped their price objective on Ulta Salon, Cosmetics & Fragrance from $220.00 to $250.00 and gave the stock an overweight rating in a research report on Friday, May 27th. Piper Jaffray Cos. restated a buy rating on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Sunday, May 29th. Oppenheimer Holdings Inc. upped their price objective on Ulta Salon, Cosmetics & Fragrance from $225.00 to $235.00 and gave the stock an outperform rating in a research report on Monday, May 23rd. Finally, Telsey Advisory Group restated a buy rating on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Sunday, May 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Ulta Salon, Cosmetics & Fragrance has an average rating of Buy and an average price target of $260.97.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) opened at 233.20 on Friday. Ulta Salon, Cosmetics & Fragrance has a one year low of $146.77 and a one year high of $278.63. The firm’s 50-day moving average price is $254.79 and its 200-day moving average price is $228.42. The company has a market cap of $14.54 billion, a PE ratio of 41.05 and a beta of 0.59.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 25th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.03. Ulta Salon, Cosmetics & Fragrance had a return on equity of 26.05% and a net margin of 8.35%. The business earned $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company earned $1.15 EPS. Ulta Salon, Cosmetics & Fragrance’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, equities research analysts forecast that Ulta Salon, Cosmetics & Fragrance will post $6.23 earnings per share for the current fiscal year.

In other Ulta Salon, Cosmetics & Fragrance news, Director Charles Heilbronn sold 925,000 shares of Ulta Salon, Cosmetics & Fragrance stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $229.56, for a total transaction of $212,343,000.00. Following the completion of the sale, the director now owns 58,928 shares of the company’s stock, valued at $13,527,511.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert F. Diromualdo sold 20,000 shares of Ulta Salon, Cosmetics & Fragrance stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $252.51, for a total value of $5,050,200.00. Following the sale, the director now directly owns 4,309 shares of the company’s stock, valued at approximately $1,088,065.59. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.

A number of large investors have recently modified their holdings of ULTA. Global X Management Co. LLC raised its stake in shares of Ulta Salon, Cosmetics & Fragrance by 118.6% in the second quarter. Global X Management Co. LLC now owns 483 shares of the company’s stock valued at $118,000 after buying an additional 262 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth $120,000. Advisory Services Network LLC bought a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth $122,000. Hanson McClain Inc. bought a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth $122,000. Finally, Ropes Wealth Advisors LLC raised its stake in Ulta Salon, Cosmetics & Fragrance by 336.1% in the first quarter. Ropes Wealth Advisors LLC now owns 519 shares of the company’s stock worth $101,000 after buying an additional 400 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

Ulta Salon, Cosmetics & Fragrance Company Profile

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.

5 Day Chart for NASDAQ:ULTA

Get a free copy of the Zacks research report on Ulta Salon, Cosmetics & Fragrance (ULTA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ulta Salon Cosmetics & Fragrance Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Salon Cosmetics & Fragrance Inc. and related companies with MarketBeat.com's FREE daily email newsletter.