Robert W. Baird set a $305.00 price target on Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) in a report published on Tuesday. The brokerage currently has a a buy rating on the stock.

A number of other equities analysts have also issued reports on ULTA. Cowen and Company increased their price target on Ulta Salon, Cosmetics & Fragrance from $265.00 to $286.00 and gave the company an outperform rating in a research note on Friday, August 26th. Piper Jaffray Cos. increased their price objective on Ulta Salon, Cosmetics & Fragrance from $250.00 to $290.00 and gave the stock an overweight rating in a report on Monday, August 22nd. Buckingham Research raised their target price on Ulta Salon, Cosmetics & Fragrance from $285.00 to $325.00 and gave the company a buy rating in a report on Friday, August 26th. Stifel Nicolaus restated a hold rating and set a $277.00 target price (up from $260.00) on shares of Ulta Salon, Cosmetics & Fragrance in a report on Monday. Finally, Zacks Investment Research downgraded Ulta Salon, Cosmetics & Fragrance from a buy rating to a hold rating in a research report on Friday, September 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Ulta Salon, Cosmetics & Fragrance has a consensus rating of Buy and an average target price of $262.08.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) opened at 236.66 on Tuesday. The firm’s 50-day moving average price is $243.58 and its 200 day moving average price is $234.15. Ulta Salon, Cosmetics & Fragrance has a 52-week low of $146.77 and a 52-week high of $278.63. The firm has a market cap of $14.76 billion, a price-to-earnings ratio of 41.66 and a beta of 0.70.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 25th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Ulta Salon, Cosmetics & Fragrance had a return on equity of 26.05% and a net margin of 8.35%. During the same period in the prior year, the firm earned $1.15 EPS. The business’s quarterly revenue 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 EPS for the current year.

In other news, CFO Scott M. Settersten sold 10,490 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $251.37, for a total transaction of $2,636,871.30. Following the transaction, the chief financial officer now owns 8,103 shares in the company, valued at $2,036,851.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Mary Dillon sold 51,885 shares of the company’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $245.73, for a total transaction of $12,749,701.05. Following the transaction, the chief executive officer now owns 76,089 shares in the company, valued at approximately $18,697,349.97. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Algert Global LLC raised its stake in shares of Ulta Salon, Cosmetics & Fragrance by 26.1% in the third quarter. Algert Global LLC now owns 10,856 shares of the company’s stock worth $2,584,000 after buying an additional 2,244 shares in the last quarter. First United Bank Trust raised its stake in Ulta Salon, Cosmetics & Fragrance by 1.5% in the third quarter. First United Bank Trust now owns 5,352 shares of the company’s stock valued at $1,274,000 after buying an additional 80 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Ulta Salon, Cosmetics & Fragrance by 74.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 22,894 shares of the company’s stock valued at $5,448,000 after buying an additional 9,794 shares in the last quarter. First Mercantile Trust Co. bought a new stake in Ulta Salon, Cosmetics & Fragrance during the third quarter valued at approximately $405,000. Finally, Atalanta Sosnoff Capital LLC bought a new stake in Ulta Salon, Cosmetics & Fragrance during the third quarter valued at approximately $3,424,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

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

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