Trade Report: The Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) Receives “Equal Weight” Rating from Morgan Stanley

The Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) Receives “Equal Weight” Rating from Morgan Stanley

Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA)‘s stock had its “equal weight” rating reiterated by equities research analysts at Morgan Stanley in a note issued to investors on Wednesday. They currently have a $250.00 target price on the stock. Morgan Stanley’s price objective points to a potential upside of 4.62% from the stock’s current price.

Several other equities research analysts have also recently weighed in on ULTA. Deutsche Bank AG upped their price target on Ulta Salon, Cosmetics & Fragrance from $225.00 to $280.00 and gave the company a “hold” rating in a research report on Friday, August 26th. Cowen and Company upped 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 upped 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. Zacks Investment Research cut shares of Ulta Salon, Cosmetics & Fragrance from a “buy” rating to a “hold” rating in a research report on Friday, September 16th. Finally, Robert W. Baird set a $305.00 price objective on shares of Ulta Salon, Cosmetics & Fragrance and gave the stock a “buy” rating in a research report on Tuesday. One 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 stock. Ulta Salon, Cosmetics & Fragrance presently has an average rating of “Buy” and an average price target of $263.13.

Shares of Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) traded up 0.98% on Wednesday, hitting $238.97. 556,372 shares of the stock were exchanged. 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 price-to-earnings ratio of 42.06 and a beta of 0.70. The company has a 50 day moving average of $243.58 and a 200 day moving average of $234.15.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 25th. The company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.03. Ulta Salon, Cosmetics & Fragrance had a return on equity of 26.05% and a net margin of 8.35%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the business posted $1.15 earnings per share. The company’s revenue was up 21.9% on a year-over-year basis. Equities research analysts forecast that Ulta Salon, Cosmetics & Fragrance will post $6.23 earnings per share for the current year.

In other Ulta Salon, Cosmetics & Fragrance news, CEO Mary Dillon sold 51,885 shares of the firm’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $245.73, for a total transaction of $12,749,701.05. Following the completion of the transaction, the chief executive officer now owns 76,089 shares of the company’s stock, valued at $18,697,349.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles Heilbronn sold 925,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $229.56, for a total value of $212,343,000.00. Following the transaction, the director now directly owns 58,928 shares of the company’s stock, valued at approximately $13,527,511.68. The disclosure for this sale can be found here. Company insiders own 6.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in 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 in the last quarter. 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 in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter valued at approximately $120,000. Advisory Services Network LLC purchased a new position in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter valued at approximately $122,000. Finally, Hanson McClain Inc. purchased a new position in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter valued at approximately $122,000. 86.99% of the stock is owned by institutional investors and hedge funds.

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