Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 2,362,180 shares, an increase of 34.5% from the August 15th total of 1,756,281 shares. Based on an average daily trading volume, of 1,552,623 shares, the short-interest ratio is currently 1.5 days. Approximately 4.1% of the company’s shares are sold short.

A number of research firms recently commented on ULTA. Robert W. Baird restated an “outperform” rating and issued a $300.00 price objective (up previously from $280.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Wednesday, August 24th. Piper Jaffray Cos. upped their target price on shares of Ulta Salon, Cosmetics & Fragrance from $250.00 to $290.00 and gave the stock an “overweight” rating in a research note on Monday, August 22nd. Cowen and Company upped their target price on shares of Ulta Salon, Cosmetics & Fragrance from $265.00 to $286.00 and gave the stock an “outperform” rating in a research note on Friday, August 26th. Deutsche Bank AG upped their target price on shares of Ulta Salon, Cosmetics & Fragrance from $225.00 to $280.00 and gave the stock a “hold” rating in a research note on Friday, August 26th. Finally, Jefferies Group upped their target price on shares of Ulta Salon, Cosmetics & Fragrance from $215.00 to $255.00 and gave the stock a “hold” rating in a research note on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $260.97.

In other news, Director Dennis K. Eck acquired 11,000 shares of the stock in a transaction that occurred on Monday, September 19th. The stock was acquired at an average price of $234.45 per share, for a total transaction of $2,578,950.00. Following the transaction, the director now directly owns 503,530 shares in the company, valued at $118,052,608.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles Heilbronn sold 925,000 shares of the company’s stock in a transaction on Wednesday, September 14th. The shares were 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 approximately $13,527,511.68. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Highbridge Capital Management LLC purchased a new position in Ulta Salon, Cosmetics & Fragrance during the fourth quarter valued at $2,225,000. Stifel Financial Corp boosted its position in Ulta Salon, Cosmetics & Fragrance by 7.4% in the fourth quarter. Stifel Financial Corp now owns 10,605 shares of the company’s stock valued at $1,962,000 after buying an additional 732 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Ulta Salon, Cosmetics & Fragrance by 6.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 10,998 shares of the company’s stock valued at $2,035,000 after buying an additional 628 shares during the period. Norges Bank purchased a new position in Ulta Salon, Cosmetics & Fragrance during the fourth quarter valued at $107,015,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Ulta Salon, Cosmetics & Fragrance by 9.2% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 18,651 shares of the company’s stock valued at $3,613,000 after buying an additional 1,575 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) opened at 238.38 on Friday. The stock’s 50 day moving average is $253.71 and its 200 day moving average is $228.57. The company has a market capitalization of $14.87 billion, a PE ratio of 41.96 and a beta of 0.59. Ulta Salon, Cosmetics & Fragrance has a one year low of $146.77 and a one year high of $278.63.

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

About Ulta Salon, Cosmetics & Fragrance

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

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.