The Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) PT Set at $305.00 by Robert W. Baird

The Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) PT Set at $305.00 by Robert W. Baird

Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) has been given a $305.00 price objective by equities research analysts at Robert W. Baird in a report issued on Tuesday. The brokerage currently has a a “buy” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 27.63% from the company’s current price.

Several other brokerages have also commented on ULTA. Piper Jaffray Cos. lifted their price objective on shares of Ulta Salon, Cosmetics & Fragrance from $250.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, August 22nd. Nomura lifted 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. Cowen and Company lifted their price objective on shares of Ulta Salon, Cosmetics & Fragrance from $265.00 to $286.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Buckingham Research lifted their price objective on shares of Ulta Salon, Cosmetics & Fragrance from $285.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, August 26th. Finally, Jefferies Group boosted their price target on shares of Ulta Salon, Cosmetics & Fragrance from $215.00 to $255.00 and gave the company a “hold” rating in a research report on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $263.13.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) opened at 238.97 on Tuesday. Ulta Salon, Cosmetics & Fragrance has a 52 week low of $146.77 and a 52 week high of $278.63. The company has a market cap of $14.90 billion, a P/E ratio of 42.06 and a beta of 0.70. The company has a 50-day moving average of $242.53 and a 200 day moving average of $234.19.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 25th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.40 by $0.03. The business 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 in the previous year, the firm posted $1.15 earnings per share. On average, equities analysts forecast that Ulta Salon, Cosmetics & Fragrance will post $6.23 EPS for the current fiscal year.

In related news, CFO Scott M. Settersten sold 10,490 shares of the company’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $251.37, for a total transaction of $2,636,871.30. Following the completion of the sale, the chief financial officer now directly owns 8,103 shares in the company, valued at approximately $2,036,851.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Catherine Ann Halligan sold 400 shares of the company’s stock in a transaction 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 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. 6.90% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of ULTA. Ropes Wealth Advisors LLC raised 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 valued at $101,000 after buying an additional 400 shares during the period. Global X Management Co. LLC raised 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 valued at $118,000 after buying an additional 262 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter valued at approximately $120,000. Advisory Services Network LLC bought a new position in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter valued at approximately $122,000. Finally, Hanson McClain Inc. bought a new position in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter valued at approximately $122,000. Institutional investors own 86.99% of the company’s stock.

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