Brokerages Set Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) PT at $184.73

Shares of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) have been assigned a consensus rating of “Buy” from the twenty-five ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $184.73.

ULTA has been the subject of several analyst reports. RBC Capital reissued a “sector perform” rating and issued a $168.00 price target on shares of Ulta Salon, Cosmetics & Fragrance in a report on Monday, September 28th. Wolfe Research downgraded shares of Ulta Salon, Cosmetics & Fragrance from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 29th. Piper Jaffray reissued a “buy” rating and issued a $170.00 price target on shares of Ulta Salon, Cosmetics & Fragrance in a report on Monday, October 19th. Wells Fargo started coverage on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Thursday, October 22nd. They set a “market perform” rating on the stock. Finally, Zacks Investment Research upgraded shares of Ulta Salon, Cosmetics & Fragrance from a “hold” rating to a “buy” rating and set a $186.00 price objective on the stock in a research report on Tuesday, December 1st.

An institutional investor recently raised its position in Ulta Salon, Cosmetics & Fragrance stock. Eagle Asset Management raised its stake in Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) by 519.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,006 shares of the company’s stock after buying an additional 169,416 shares during the period. Eagle Asset Management owned about 0.31% of Ulta Salon, Cosmetics & Fragrance worth $32,996,000 at the end of the most recent reporting period.

Shares of Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) traded down 0.47% during mid-day trading on Monday, reaching $184.13. 121,540 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $176.62 and a 200-day moving average price of $167.56. Ulta Salon, Cosmetics & Fragrance has a one year low of $120.38 and a one year high of $188.48. The stock has a market cap of $11.73 billion and a PE ratio of 39.59.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 3rd. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.06. The firm earned $910.70 million during the quarter, compared to the consensus estimate of $880 million. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. On average, analysts predict that Ulta Salon, Cosmetics & Fragrance will post $4.83 EPS for the current year.

12 Month Chart for NASDAQ:ULTA

Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) is a beauty retailer. The Company provides salon products and salon services in the United States. It offers a combination of more than 20,000 prestige and mass beauty products. As of January 31, 2015, it operated 774 stores in 47 states. The Company offers products in the categories, including cosmetics, which includes products for the face, eyes, cheeks, lips and nails; haircare, which includes shampoos, conditioners, styling products and hair accessories; salon styling tools, which includes hair dryers, curling irons and flat irons; skincare and bath and body, which includes products for the face, hands and body; fragrance; nail polish and nail care products; men’s skincare, haircare and fragrance products; private label, consisting of Ulta branded cosmetics, skincare, bath and body products and haircare, and other health and beauty products.

 

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