Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA)‘s stock had its “outperform” rating restated by Cowen and Company in a note issued to investors on Thursday. They currently have a $286.00 price objective on the stock. Cowen and Company’s target price would suggest a potential upside of 8.85% from the company’s current price.

ULTA has been the subject of several other reports. Robert W. Baird set a $305.00 price target on shares of Ulta Salon, Cosmetics & Fragrance and gave the company a “buy” rating in a research note on Tuesday, October 11th. RBC Capital Markets set a $270.00 price target on shares of Ulta Salon, Cosmetics & Fragrance and gave the company a “hold” rating in a research note on Monday, August 29th. Piper Jaffray Cos. lifted their price target on shares of Ulta Salon, Cosmetics & Fragrance from $250.00 to $290.00 and gave the company an “overweight” rating in a research note 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 research note on Tuesday, October 4th. Finally, Zacks Investment Research downgraded shares of Ulta Salon, Cosmetics & Fragrance from a “buy” rating to a “hold” rating in a research note 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. The stock currently has an average rating of “Buy” and an average price target of $265.50.

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

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) opened at 262.75 on Thursday. The stock’s 50 day moving average is $242.05 and its 200-day moving average is $234.92. Ulta Salon, Cosmetics & Fragrance has a 1-year low of $146.77 and a 1-year high of $278.63. The firm has a market capitalization of $16.39 billion, a P/E ratio of 46.25 and a beta of 0.70.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last announced its 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. Ulta Salon, Cosmetics & Fragrance had a net margin of 8.35% and a return on equity of 26.05%. The business earned $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm earned $1.15 earnings per share. Ulta Salon, Cosmetics & Fragrance’s quarterly revenue was up 21.9% on a year-over-year basis. Analysts forecast that Ulta Salon, Cosmetics & Fragrance will post $6.23 EPS for the current year.

In other news, CFO Scott M. Settersten sold 10,490 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $251.37, for a total value of $2,636,871.30. Following the sale, the chief financial officer now owns 8,103 shares of the company’s stock, valued at $2,036,851.11. The transaction 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 that occurred on Wednesday, September 21st. The shares were sold at an average price of $239.40, for a total transaction of $95,760.00. Following the completion of the sale, the director now directly owns 3,921 shares in the company, valued at approximately $938,687.40. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of ULTA. Ropes Wealth Advisors LLC raised its stake in Ulta Salon, Cosmetics & Fragrance by 336.1% in the first quarter. Ropes Wealth Advisors LLC now owns 519 shares of the company’s stock valued at $101,000 after buying an additional 400 shares during the period. Global X Management Co. LLC raised its stake in 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 valued at $118,000 after buying an additional 262 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth $120,000. Advisory Services Network LLC purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth $122,000. Finally, Hanson McClain Inc. purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth $122,000. 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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