Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) – Research analysts at Oppenheimer Holdings lifted their Q3 2017 EPS estimates for shares of Ulta Salon, Cosmetics & Fragrance in a report released on Thursday. Oppenheimer Holdings analyst R. Parikh now expects that the firm will post earnings of $1.37 per share for the quarter, up from their prior forecast of $1.35. 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 Q4 2017 earnings at $2.04 EPS, FY2017 earnings at $6.29 EPS, FY2018 earnings at $7.68 EPS and FY2019 earnings at $9.40 EPS.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 25th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. Ulta Salon, Cosmetics & Fragrance had a net margin of 8.35% and a return on equity of 26.05%. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.15 EPS.

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

A number of other equities analysts also recently commented on the company. Robert W. Baird restated an “outperform” rating and set a $300.00 target price (up previously from $280.00) on shares of Ulta Salon, Cosmetics & Fragrance in a report on Wednesday, August 24th. Piper Jaffray Cos. upped their target price 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. Buckingham Research upped their target price on Ulta Salon, Cosmetics & Fragrance from $285.00 to $325.00 and gave the company a “buy” rating in a report on Friday, August 26th. Nomura upped their target price on Ulta Salon, Cosmetics & Fragrance from $244.00 to $287.00 and gave the company a “buy” rating in a report on Friday, August 26th. Finally, Jefferies Group upped their target price on Ulta Salon, Cosmetics & Fragrance from $215.00 to $255.00 and gave the company a “hold” rating in a report on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Ulta Salon, Cosmetics & Fragrance currently has a consensus rating of “Buy” and a consensus price target of $265.50.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) opened at 238.87 on Friday. The firm’s 50-day moving average is $242.67 and its 200-day moving average is $240.99. The stock has a market capitalization of $14.90 billion, a P/E ratio of 42.05 and a beta of 0.71. Ulta Salon, Cosmetics & Fragrance has a 12-month low of $146.77 and a 12-month high of $278.63.

In other news, CFO Scott M. Settersten sold 10,490 shares of the firm’s stock in a transaction dated 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 owns 8,103 shares of the company’s stock, valued at $2,036,851.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles Heilbronn sold 925,000 shares of the firm’s stock in a transaction dated 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 directly owns 58,928 shares in the company, valued at approximately $13,527,511.68. The disclosure for this sale can be found here. 6.90% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. USA Financial Portformulas Corp increased its position in Ulta Salon, Cosmetics & Fragrance by 14.8% in the third quarter. USA Financial Portformulas Corp now owns 35,705 shares of the company’s stock valued at $8,497,000 after buying an additional 4,606 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Ulta Salon, Cosmetics & Fragrance by 1.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 11,548 shares of the company’s stock valued at $2,748,000 after buying an additional 110 shares during the period. Laurion Capital Management LP bought a new position in Ulta Salon, Cosmetics & Fragrance during the third quarter valued at approximately $7,210,000. Checchi Capital Advisers LLC increased its position in Ulta Salon, Cosmetics & Fragrance by 1.7% in the third quarter. Checchi Capital Advisers LLC now owns 996 shares of the company’s stock valued at $237,000 after buying an additional 17 shares during the period. Finally, BOKF NA increased its position in Ulta Salon, Cosmetics & Fragrance by 6.7% in the third quarter. BOKF NA now owns 9,866 shares of the company’s stock valued at $2,348,000 after buying an additional 617 shares during the period. 87.07% of the stock is currently owned by hedge funds and other 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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