Todays Report: Today, FY2017 Earnings Forecast for Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) Issued By KeyCorp

Today, FY2017 Earnings Forecast for Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) Issued By KeyCorp

Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) – Analysts at KeyCorp raised their FY2017 earnings estimates for Ulta Salon, Cosmetics & Fragrance in a note issued to investors on Thursday. KeyCorp analyst J. Gere now expects that the brokerage will post earnings of $6.31 per share for the year, up from their previous forecast of $6.22. KeyCorp also issued estimates for Ulta Salon, Cosmetics & Fragrance’s Q1 2018 earnings at $1.78 EPS and FY2018 earnings at $7.84 EPS.

A number of other equities analysts have also weighed in on the company. Jefferies Group set a $255.00 target price on Ulta Salon, Cosmetics & Fragrance and gave the stock a “hold” rating in a research report on Saturday. Telsey Advisory Group upped their price target on Ulta Salon, Cosmetics & Fragrance from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday. Cowen and Company reiterated an “outperform” rating and set a $286.00 price target on shares of Ulta Salon, Cosmetics & Fragrance in a report on Thursday. Morgan Stanley reiterated an “equal weight” rating and set a $250.00 price target on shares of Ulta Salon, Cosmetics & Fragrance in a report on Wednesday, October 12th. Finally, Robert W. Baird set a $305.00 price target on Ulta Salon, Cosmetics & Fragrance and gave the stock a “buy” rating in a report on Tuesday, October 11th. One investment 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 currently has an average rating of “Buy” and an average target price of $265.50.

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

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last posted its earnings results on Thursday, August 25th. The company reported $1.43 earnings per share for the quarter, topping the Zacks’ 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 company earned $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm earned $1.15 earnings per share. The company’s revenue was up 21.9% on a year-over-year basis.

In other Ulta Salon, Cosmetics & Fragrance news, Director Dennis K. Eck purchased 11,000 shares of the stock in a transaction on Monday, September 19th. The shares were purchased at an average price of $234.45 per share, with a total value of $2,578,950.00. Following the acquisition, the director now directly owns 503,530 shares in the company, valued at approximately $118,052,608.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Catherine Ann Halligan sold 400 shares of the firm’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $239.40, for a total value of $95,760.00. Following the completion of the sale, the director now directly owns 3,921 shares in the company, valued at approximately $938,687.40. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. HBK Investments L P boosted its stake in Ulta Salon, Cosmetics & Fragrance by 312.4% in the first quarter. HBK Investments L P now owns 79,600 shares of the company’s stock valued at $15,422,000 after buying an additional 60,300 shares during the last quarter. Mariner Wealth Advisors LLC purchased a new position in shares of Ulta Salon, Cosmetics & Fragrance during the first quarter valued at approximately $605,000. Bogle Investment Management L P DE purchased a new position in shares of Ulta Salon, Cosmetics & Fragrance during the first quarter valued at approximately $11,407,000. Geode Capital Management LLC raised its position in shares of Ulta Salon, Cosmetics & Fragrance by 8.9% in the first quarter. Geode Capital Management LLC now owns 443,274 shares of the company’s stock valued at $85,837,000 after buying an additional 36,093 shares during the period. Finally, Marsico Capital Management LLC purchased a new position in shares of Ulta Salon, Cosmetics & Fragrance during the first quarter valued at approximately $2,813,000. 87.11% of the stock is currently owned by hedge funds and other institutional investors.

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