Today: Cowen and Company Reiterates Outperform Rating for Ulta Salon, Cosmetics & Fragrance Inc. (ULTA)

Today: Cowen and Company Reiterates Outperform Rating for Ulta Salon, Cosmetics & Fragrance Inc. (ULTA)

Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA)‘s stock had its “outperform” rating reiterated by Cowen and Company in a research note issued on Thursday. They currently have a $286.00 price target on the stock. Cowen and Company’s target price points to a potential upside of 8.85% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. 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. reiterated an “overweight” rating and set a $250.00 price objective (up previously from $235.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Saturday, June 25th. Oppenheimer Holdings Inc. reiterated 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. Royal Bank Of Canada lifted their price objective on shares of Ulta Salon, Cosmetics & Fragrance from $225.00 to $270.00 and gave the company a “sector perform” rating in a research report on Monday, August 29th. Finally, Robert W. Baird reiterated an “outperform” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Tuesday, June 28th. 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 company. The stock presently has a consensus rating of “Buy” and an average target price of $265.50.

Shares of Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) opened at 262.75 on Thursday. Ulta Salon, Cosmetics & Fragrance has a 12 month low of $146.77 and a 12 month high of $278.63. The firm’s 50-day moving average is $242.05 and its 200 day moving average is $234.92. The stock has a market cap of $16.39 billion, a PE ratio of 46.25 and a beta of 0.70.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 25th. The company reported $1.43 earnings per share for the quarter, beating the 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 business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm earned $1.15 earnings per share. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, equities analysts predict that Ulta Salon, Cosmetics & Fragrance will post $6.23 EPS for the current year.

In related news, Director Charles Heilbronn sold 925,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 58,928 shares of the company’s stock, valued at $13,527,511.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert F. Diromualdo sold 20,000 shares of the company’s 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 of the company’s stock, valued at $1,088,065.59. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Ulta Salon, Cosmetics & Fragrance by 23.1% in the second quarter. Vanguard Group Inc. now owns 5,282,445 shares of the company’s stock worth $1,287,015,000 after buying an additional 989,926 shares during the period. Capital World Investors raised its stake in Ulta Salon, Cosmetics & Fragrance by 8.2% in the second quarter. Capital World Investors now owns 4,859,000 shares of the company’s stock worth $1,183,847,000 after buying an additional 366,769 shares during the period. JPMorgan Chase & Co. raised its stake in Ulta Salon, Cosmetics & Fragrance by 30.6% in the second quarter. JPMorgan Chase & Co. now owns 2,459,504 shares of the company’s stock worth $599,233,000 after buying an additional 576,370 shares during the period. State Street Corp raised its stake in Ulta Salon, Cosmetics & Fragrance by 37.8% in the second quarter. State Street Corp now owns 2,425,671 shares of the company’s stock worth $590,980,000 after buying an additional 666,016 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Ulta Salon, Cosmetics & Fragrance by 14.9% in the second quarter. Bank of New York Mellon Corp now owns 1,155,573 shares of the company’s stock worth $281,544,000 after buying an additional 149,470 shares during the period. 86.99% of the stock is owned by institutional investors.

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