Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) – Investment analysts at Oppenheimer Holdings boosted their Q3 2017 earnings per share (EPS) estimates for Ulta Salon, Cosmetics & Fragrance in a note issued to investors on Thursday. Oppenheimer Holdings analyst R. Parikh now expects that the brokerage will post earnings of $1.35 per share for the quarter, up from their previous estimate of $1.28. Oppenheimer Holdings has a “Outperform” rating and a $300.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Ulta Salon, Cosmetics & Fragrance’s FY2017 earnings at $6.24 EPS.

ULTA has been the subject of a number of other research reports. Robert W. Baird set a $305.00 target price on shares of Ulta Salon, Cosmetics & Fragrance and gave the company a “buy” rating in a research report on Tuesday, October 11th. RBC Capital Markets set a $270.00 target price on shares of Ulta Salon, Cosmetics & Fragrance and gave the company a “hold” rating in a research report on Monday, August 29th. Piper Jaffray Cos. boosted their target price on shares of 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. Zacks Investment Research cut shares of Ulta Salon, Cosmetics & Fragrance from a “buy” rating to a “hold” rating in a research report on Friday, September 16th. Finally, Nomura upped their price objective on shares of Ulta Salon, Cosmetics & Fragrance from $244.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, August 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $265.50.

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

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) opened at 262.75 on Friday. The company has a market cap of $16.39 billion, a price-to-earnings ratio of 46.25 and a beta of 0.70. Ulta Salon, Cosmetics & Fragrance has a 52 week low of $146.77 and a 52 week high of $278.63. The stock has a 50 day moving average of $242.05 and a 200 day moving average of $234.92.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last issued its earnings results on Thursday, August 25th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. Ulta Salon, Cosmetics & Fragrance had a net margin of 8.35% and a return on equity of 26.05%. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.15 EPS.

In related news, CFO Scott M. Settersten sold 10,490 shares of the stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $251.37, for a total value of $2,636,871.30. Following the transaction, the chief financial officer now directly owns 8,103 shares in the company, valued at approximately $2,036,851.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles Heilbronn sold 925,000 shares of the stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $229.56, for a total value of $212,343,000.00. Following the completion of the transaction, the director now owns 58,928 shares in the company, valued at $13,527,511.68. The disclosure for this sale can be found here. 6.90% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Global X Management Co. LLC boosted its position in shares of Ulta Salon, Cosmetics & Fragrance by 118.6% in the second quarter. Global X Management Co. LLC now owns 483 shares of the company’s stock worth $118,000 after buying an additional 262 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter worth about $120,000. Advisory Services Network LLC purchased a new position in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter worth about $122,000. Hanson McClain Inc. purchased a new position in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter worth about $122,000. Finally, Ropes Wealth Advisors LLC boosted its position in shares of Ulta Salon, Cosmetics & Fragrance by 336.1% in the first quarter. Ropes Wealth Advisors LLC now owns 519 shares of the company’s stock worth $101,000 after buying an additional 400 shares in the last quarter. 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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