Investment analysts at Sterne Agee assumed coverage on shares of Ulta Salon, Cosmetics & Fragrance (NASDAQ: ULTA) in a note issued to investors on Monday. The firm set a “buy” rating and a $102.00 price target on the stock.

Shares of Ulta Salon, Cosmetics & Fragrance opened at 88.78 on Monday. Ulta Salon, Cosmetics & Fragrance has a one year low of $78.87 and a one year high of $103.52. The stock’s 50-day moving average is currently $94.28. The company has a market cap of $5.662 billion and a P/E ratio of 36.88.

A number of other analysts have also recently weighed in on ULTA. Analysts at Oppenheimer cut their price target on shares of Ulta Salon, Cosmetics & Fragrance from $115.00 to $105.00 in a research note to investors on Friday, February 15th. Separately, analysts at Jefferies & Co. cut their price target on shares of Ulta Salon, Cosmetics & Fragrance from $100.00 to $85.00 in a research note to investors on Friday, February 15th. Finally, analysts at Jefferies Group cut their price target on shares of Ulta Salon, Cosmetics & Fragrance from $100.00 to $85.00 in a research note to investors on Friday, February 15th.

Six equities research analysts have rated the stock with a buy rating, one has given an overweight rating, and four have issued a hold rating to the stock. The company currently has a consensus rating of “overweight” and a consensus target price of $108.89.

Ulta Salon, Cosmetics & Fragrance, Inc. (Ulta) is a beauty retailer, which provides one-stop shopping for prestige, mass and salon products and salon services in the United States.

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