Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA)‘s stock had its “outperform” rating restated by stock analysts at Oppenheimer Holdings Inc. in a research report issued to clients and investors on Tuesday. They presently have a $300.00 price target on the stock. Oppenheimer Holdings Inc.’s price objective would indicate a potential upside of 25.76% from the company’s current price.

Several other analysts also recently issued reports on the company. Robert W. Baird restated an “outperform” rating and issued a $300.00 price objective (up from $280.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Wednesday, August 24th. Piper Jaffray Cos. restated an “overweight” rating and issued a $290.00 price objective on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Wednesday, August 31st. RBC Capital Markets set a $270.00 price objective on Ulta Salon, Cosmetics & Fragrance and gave the company a “hold” rating in a research report on Monday, August 29th. Royal Bank Of Canada upped their target price on Ulta Salon, Cosmetics & Fragrance from $225.00 to $270.00 and gave the company a “sector perform” rating in a research note on Monday, August 29th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $260.97.

Analyst Recommendations for Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA)

Shares of Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) traded up 0.40% during trading on Tuesday, hitting $238.55. The stock had a trading volume of 809,983 shares. The firm has a market cap of $14.88 billion, a price-to-earnings ratio of 41.99 and a beta of 0.70. Ulta Salon, Cosmetics & Fragrance has a 12-month low of $146.77 and a 12-month high of $278.63. The stock has a 50-day moving average of $248.02 and a 200 day moving average of $232.76.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 25th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business earned $1.15 earnings per share. The business’s revenue was up 21.9% on a year-over-year basis. On average, analysts predict that Ulta Salon, Cosmetics & Fragrance will post $6.23 earnings per share for the current fiscal year.

In related news, CFO Scott M. Settersten sold 10,490 shares of the stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $251.37, for a total value of $2,636,871.30. Following the completion of the transaction, the chief financial officer now owns 8,103 shares of the company’s stock, valued at $2,036,851.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert F. Diromualdo sold 20,000 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $252.51, for a total value of $5,050,200.00. Following the completion of the transaction, 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. 6.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ropes Wealth Advisors LLC increased its position 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 in the last quarter. Global X Management Co. LLC increased its position in 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 worth $118,000 after buying an additional 262 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Ulta Salon, Cosmetics & Fragrance during the second quarter worth approximately $120,000. Advisory Services Network LLC purchased a new position in Ulta Salon, Cosmetics & Fragrance during the second quarter worth approximately $122,000. Finally, Hanson McClain Inc. purchased a new position in Ulta Salon, Cosmetics & Fragrance during the second quarter worth approximately $122,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

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 & Stock 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 stocks with our FREE daily email newsletter.