Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.35-1.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.30.

Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) opened at 238.97 on Thursday. Ulta Salon, Cosmetics & Fragrance Inc. has a 1-year low of $146.77 and a 1-year high of $278.63. The stock has a market capitalization of $14.90 billion, a price-to-earnings ratio of 42.06 and a beta of 0.70. The firm’s 50-day moving average is $242.53 and its 200 day moving average is $234.19.

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%. The business’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 EPS. Equities analysts anticipate that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.23 EPS for the current fiscal year.

Earnings History and Estimates for Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA)

Several analysts recently commented on ULTA shares. Robert W. Baird restated an outperform rating and issued a $300.00 target price (up from $280.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Wednesday, August 24th. Piper Jaffray Cos. raised their target price on Ulta Salon, Cosmetics & Fragrance from $250.00 to $290.00 and gave the company an overweight rating in a research report on Monday, August 22nd. Nomura raised their target price on Ulta Salon, Cosmetics & Fragrance from $244.00 to $287.00 and gave the company a buy rating in a research report on Friday, August 26th. Cowen and Company raised their target price on Ulta Salon, Cosmetics & Fragrance from $265.00 to $286.00 and gave the company an outperform rating in a research report on Friday, August 26th. Finally, 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 research report on Friday, August 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $263.13.

In other news, CEO Mary Dillon sold 51,885 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $245.73, for a total value of $12,749,701.05. Following the sale, the chief executive officer now directly owns 76,089 shares of the company’s stock, valued at $18,697,349.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert F. Diromualdo sold 20,000 shares of the firm’s 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 sale, the director now directly owns 4,309 shares in the company, valued at $1,088,065.59. The disclosure for this sale can be found here. Company insiders own 6.90% of the company’s stock.

Large investors have recently modified their holdings of the stock. GAM Holding AG increased its stake in shares of Ulta Salon, Cosmetics & Fragrance by 166.5% in the second quarter. GAM Holding AG now owns 8,738 shares of the company’s stock valued at $2,129,000 after buying an additional 5,459 shares in the last quarter. Atlantic Trust Group LLC increased its stake in shares of Ulta Salon, Cosmetics & Fragrance by 0.6% in the second quarter. Atlantic Trust Group LLC now owns 32,182 shares of the company’s stock valued at $7,840,000 after buying an additional 187 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter valued at about $1,462,000. Tredje AP fonden increased its stake in shares of Ulta Salon, Cosmetics & Fragrance by 366.7% in the second quarter. Tredje AP fonden now owns 1,400 shares of the company’s stock valued at $341,000 after buying an additional 1,100 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in shares of Ulta Salon, Cosmetics & Fragrance by 40.7% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 11,400 shares of the company’s stock valued at $2,777,000 after buying an additional 3,300 shares in the last quarter. 86.99% of the stock is currently owned by 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

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