Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) had its target price increased by stock analysts at Telsey Advisory Group from $300.00 to $310.00 in a research note issued to investors on Friday. The firm presently has an “outperform” rating on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 16.48% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Cowen and Company reiterated an “outperform” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Thursday. Robert W. Baird reissued an “outperform” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Tuesday, June 28th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $300.00 target price (up previously from $260.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Wednesday, August 3rd. Royal Bank Of Canada raised their target price on Ulta Salon, Cosmetics & Fragrance from $225.00 to $270.00 and gave the stock a “sector perform” rating in a research note on Monday, August 29th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Tuesday, July 12th. One investment 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 has a consensus rating of “Buy” and an average target price of $265.50.

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

Shares of Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) opened at 266.14 on Friday. The stock has a market capitalization of $16.60 billion, a PE ratio of 46.85 and a beta of 0.70. The firm has a 50 day moving average price of $242.30 and a 200 day moving average price of $234.41. 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 announced its quarterly earnings data on Thursday, August 25th. The company reported $1.43 EPS for the quarter, topping the Zacks’ 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 had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the business posted $1.15 earnings per share. The firm’s revenue was up 21.9% compared to the same quarter last year. Analysts predict that Ulta Salon, Cosmetics & Fragrance will post $6.23 earnings per share for the current fiscal year.

In other news, Director Dennis K. Eck bought 11,000 shares of Ulta Salon, Cosmetics & Fragrance stock in a transaction dated Monday, September 19th. The stock was acquired at an average cost of $234.45 per share, with a total value of $2,578,950.00. Following the acquisition, the director now owns 503,530 shares of the company’s stock, valued at $118,052,608.50. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Catherine Ann Halligan sold 400 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $239.40, for a total value of $95,760.00. Following the completion of the sale, the director now directly owns 3,921 shares of the company’s stock, valued at $938,687.40. The disclosure for this sale can be found here. Company insiders own 6.90% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. HBK Sorce Advisory LLC increased its stake in 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 valued at $506,000 after buying an additional 12 shares during the last quarter. Shelton Capital Management increased its stake in Ulta Salon, Cosmetics & Fragrance by 0.6% in the second quarter. Shelton Capital Management now owns 3,875 shares of the company’s stock valued at $944,000 after buying an additional 25 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in 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 valued at $337,000 after buying an additional 25 shares during the last quarter. Brighton Jones LLC increased its stake in Ulta Salon, Cosmetics & Fragrance by 0.9% in the second quarter. Brighton Jones LLC now owns 3,549 shares of the company’s stock valued at $865,000 after buying an additional 30 shares during the last quarter. Finally, Concert Wealth Management Inc. increased its stake in 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 valued at $314,000 after buying an additional 31 shares during the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

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.

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