Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,614,718 shares, a drop of 21.5% from the October 14th total of 2,056,305 shares. Based on an average trading volume of 667,331 shares, the short-interest ratio is presently 2.4 days. Approximately 2.7% of the company’s shares are sold short.

Several analysts have recently commented on ULTA shares. Jefferies Group set a $255.00 target price on Ulta Salon, Cosmetics & Fragrance and gave the company a “hold” rating in a research note on Saturday, October 15th. Deutsche Bank AG raised their target price on Ulta Salon, Cosmetics & Fragrance from $225.00 to $280.00 and gave the company a “hold” rating in a research note on Friday, August 26th. Cowen and Company raised their target price on Ulta Salon, Cosmetics & Fragrance from $265.00 to $286.00 and gave the company an “outperform” rating in a research note on Friday, August 26th. Zacks Investment Research downgraded Ulta Salon, Cosmetics & Fragrance from a “buy” rating to a “hold” rating in a research note on Friday, September 16th. Finally, Buckingham Research raised their target price on Ulta Salon, Cosmetics & Fragrance from $285.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, August 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $265.50.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) opened at 246.62 on Thursday. The stock has a market capitalization of $15.38 billion, a price-to-earnings ratio of 43.41 and a beta of 0.71. The company has a 50-day moving average of $242.93 and a 200-day moving average of $241.93. Ulta Salon, Cosmetics & Fragrance has a 1-year low of $146.77 and a 1-year high of $278.63.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 25th. The company reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. Analysts anticipate that Ulta Salon, Cosmetics & Fragrance will post $6.31 earnings per share for the current fiscal year.

In other Ulta Salon, Cosmetics & Fragrance news, Director Robert F. Diromualdo sold 20,000 shares of the stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $252.51, for a total transaction of $5,050,200.00. Following the completion of the sale, the director now directly owns 4,309 shares in the company, valued at approximately $1,088,065.59. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Catherine Ann Halligan sold 400 shares of the 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 sale, the director now 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 large investors have recently bought and sold shares of the stock. Global X Management Co. LLC boosted 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 worth $118,000 after buying an additional 262 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth approximately $120,000. Advisory Services Network LLC purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth approximately $122,000. Hanson McClain Inc. purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth approximately $122,000. Finally, Cypress Capital Management LLC WY purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth approximately $139,000. Hedge funds and other institutional investors own 88.34% 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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