Morgan Stanley reissued their equal weight rating on shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) in a report published on Wednesday. They currently have a $250.00 price objective on the stock.

Several other analysts have also commented on the company. Robert W. Baird set a $305.00 price objective on Ulta Salon, Cosmetics & Fragrance and gave the company a buy rating in a report on Tuesday. Stifel Nicolaus reiterated a hold rating and set a $277.00 price objective (up previously from $260.00) on shares of Ulta Salon, Cosmetics & Fragrance in a report on Monday. Oppenheimer Holdings Inc. reiterated an outperform rating and set a $300.00 price objective on shares of Ulta Salon, Cosmetics & Fragrance in a report on Tuesday, October 4th. Zacks Investment Research upgraded Ulta Salon, Cosmetics & Fragrance from a hold rating to a buy rating and set a $262.00 price objective for the company in a report on Saturday, September 17th. Finally, Piper Jaffray Cos. reiterated an overweight rating and set a $290.00 price objective on shares of Ulta Salon, Cosmetics & Fragrance in a report on Wednesday, August 31st. One 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 company. The company presently has a consensus rating of Buy and a consensus target price of $263.13.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) traded up 6.4480% during mid-day trading on Wednesday, reaching $254.3788. The company’s stock had a trading volume of 1,186,780 shares. The stock has a 50-day moving average price of $242.53 and a 200-day moving average price of $234.19. The company has a market capitalization of $15.87 billion, a price-to-earnings ratio of 44.7771 and a beta of 0.70. 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 issued its quarterly earnings data on Thursday, August 25th. The company reported $1.43 EPS for the quarter, beating the 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 firm earned $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the business posted $1.15 EPS. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. Equities research analysts forecast that Ulta Salon, Cosmetics & Fragrance will post $6.23 EPS for the current year.

In related news, CEO Mary Dillon sold 51,885 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 76,089 shares in the company, valued at $18,697,349.97. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Catherine Ann Halligan sold 400 shares of the business’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $239.40, for a total transaction of $95,760.00. Following the transaction, the director now owns 3,921 shares of the company’s stock, valued at approximately $938,687.40. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. HBK Sorce Advisory LLC increased its position in shares of Ulta Salon, Cosmetics & Fragrance by 0.6% in the second quarter. HBK Sorce Advisory LLC now owns 2,075 shares of the company’s stock worth $506,000 after buying an additional 12 shares during the last quarter. Shelton Capital Management boosted its stake in shares of Ulta Salon, Cosmetics & Fragrance by 0.6% in the second quarter. Shelton Capital Management now owns 3,875 shares of the company’s stock worth $944,000 after buying an additional 25 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Ulta Salon, Cosmetics & Fragrance by 1.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 1,537 shares of the company’s stock worth $337,000 after buying an additional 25 shares during the period. Brighton Jones LLC boosted its stake in shares of Ulta Salon, Cosmetics & Fragrance by 0.9% in the second quarter. Brighton Jones LLC now owns 3,549 shares of the company’s stock worth $865,000 after buying an additional 30 shares during the period. Finally, Concert Wealth Management Inc. boosted its stake in shares of Ulta Salon, Cosmetics & Fragrance by 2.5% in the second quarter. Concert Wealth Management Inc. now owns 1,285 shares of the company’s stock worth $314,000 after buying an additional 31 shares during the period. 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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