Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) shares saw unusually-high trading volume on Friday after Telsey Advisory Group raised their price target on the stock from $300.00 to $310.00. Telsey Advisory Group currently has an outperform rating on the stock. Approximately 1,076,552 shares were traded during trading, an increase of 5% from the previous session’s volume of 1,029,306 shares.The stock last traded at $264.22 and had previously closed at $266.14.

ULTA has been the subject of a number of other research reports. Robert W. Baird set a $305.00 target price on Ulta Salon, Cosmetics & Fragrance and gave the company a “buy” rating in a report on Tuesday. RBC Capital Markets set a $270.00 price target on Ulta Salon, Cosmetics & Fragrance and gave the company a “hold” rating in a report on Monday, August 29th. Piper Jaffray Cos. increased their price target on Ulta Salon, Cosmetics & Fragrance from $250.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, August 22nd. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Ulta Salon, Cosmetics & Fragrance in a report on Tuesday, October 4th. Finally, Zacks Investment Research cut Ulta Salon, Cosmetics & Fragrance from a “buy” rating to a “hold” rating in a report on Friday, September 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $265.50.

In related news, Director Catherine Ann Halligan sold 400 shares of the business’s stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $239.40, for a total value of $95,760.00. Following the transaction, the director now owns 3,921 shares in the company, valued at approximately $938,687.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dennis K. Eck purchased 11,000 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The stock was bought at an average price of $234.45 per share, for a total transaction of $2,578,950.00. Following the transaction, the director now directly owns 503,530 shares in the company, valued at $118,052,608.50. The disclosure for this purchase can be found here. Insiders own 6.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of ULTA. Vanguard Group Inc. boosted its position in shares of Ulta Salon, Cosmetics & Fragrance by 23.1% in the second quarter. Vanguard Group Inc. now owns 5,282,445 shares of the company’s stock valued at $1,287,015,000 after buying an additional 989,926 shares during the period. Capital World Investors boosted its position in shares of Ulta Salon, Cosmetics & Fragrance by 8.2% in the second quarter. Capital World Investors now owns 4,859,000 shares of the company’s stock valued at $1,183,847,000 after buying an additional 366,769 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Ulta Salon, Cosmetics & Fragrance by 30.6% in the second quarter. JPMorgan Chase & Co. now owns 2,459,504 shares of the company’s stock valued at $599,233,000 after buying an additional 576,370 shares during the period. State Street Corp boosted its position in shares of Ulta Salon, Cosmetics & Fragrance by 37.8% in the second quarter. State Street Corp now owns 2,425,671 shares of the company’s stock valued at $590,980,000 after buying an additional 666,016 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Ulta Salon, Cosmetics & Fragrance by 14.9% in the second quarter. Bank of New York Mellon Corp now owns 1,155,573 shares of the company’s stock valued at $281,544,000 after buying an additional 149,470 shares during the period. Hedge funds and other institutional investors own 86.99% of the company’s stock.

The company has a market cap of $16.46 billion, a PE ratio of 46.45 and a beta of 0.70. The stock’s 50-day moving average is $242.30 and its 200 day moving average is $234.41.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 25th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.03. The company earned $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Ulta Salon, Cosmetics & Fragrance had a net margin of 8.35% and a return on equity of 26.05%. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 EPS. On average, equities analysts expect that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.23 earnings per share for the current fiscal year.

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

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