Today: The Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) Stock Rating Reaffirmed by Stifel Nicolaus

The Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) Stock Rating Reaffirmed by Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) in a report published on Monday. They currently have a $277.00 target price on the stock, up from their previous target price of $260.00.

ULTA has been the topic of a number of other reports. RBC Capital Markets set a $270.00 price objective on shares of Ulta Salon, Cosmetics & Fragrance and gave the company a hold rating in a research report on Monday, August 29th. Piper Jaffray Cos. boosted their price objective on shares of Ulta Salon, Cosmetics & Fragrance from $250.00 to $290.00 and gave the company an overweight rating in a research report on Monday, August 22nd. Oppenheimer Holdings Inc. reaffirmed an outperform rating and set a $300.00 price objective on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Tuesday, October 4th. Zacks Investment Research downgraded shares of Ulta Salon, Cosmetics & Fragrance from a buy rating to a hold rating in a research report on Friday, September 16th. Finally, Nomura boosted their price objective on shares of Ulta Salon, Cosmetics & Fragrance from $244.00 to $287.00 and gave the company a buy 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 issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $263.13.

Shares of Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) opened at 266.14 on Monday. The company’s 50-day moving average is $242.30 and its 200 day moving average is $234.41. Ulta Salon, Cosmetics & Fragrance has a 1-year low of $146.77 and a 1-year high of $278.63. The stock has a market cap of $16.60 billion, a P/E ratio of 46.85 and a beta of 0.70.

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, 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 the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $1.15 earnings per share. The firm’s revenue was up 21.9% on a year-over-year basis. Equities research analysts anticipate that Ulta Salon, Cosmetics & Fragrance will post $6.23 EPS for the current year.

In other Ulta Salon, Cosmetics & Fragrance news, CFO Scott M. Settersten sold 10,490 shares of Ulta Salon, Cosmetics & Fragrance 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 transaction, the chief financial officer now directly owns 8,103 shares of the company’s stock, valued at $2,036,851.11. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert F. Diromualdo sold 20,000 shares of Ulta Salon, Cosmetics & Fragrance stock in a transaction on 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 transaction, the director now directly owns 4,309 shares of the company’s stock, valued at $1,088,065.59. The disclosure for this sale can be found here. Company insiders own 6.90% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Ropes Wealth Advisors LLC increased its stake in Ulta Salon, Cosmetics & Fragrance by 336.1% in the first quarter. Ropes Wealth Advisors LLC now owns 519 shares of the company’s stock worth $101,000 after buying an additional 400 shares in the last quarter. Global X Management Co. LLC increased 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 in 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 $120,000. Advisory Services Network LLC purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth $122,000. Finally, Hanson McClain Inc. purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth $122,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

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