Todays Report: The Morgan Stanley Reaffirms Equal Weight Rating for Ulta Salon, Cosmetics & Fragrance Inc. (ULTA)

The Morgan Stanley Reaffirms Equal Weight Rating for Ulta Salon, Cosmetics & Fragrance Inc. (ULTA)

Morgan Stanley restated their equal weight rating on shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) in a research note published on Wednesday morning. They currently have a $250.00 price target on the stock.

A number of other equities analysts have also weighed in on ULTA. Piper Jaffray Cos. reiterated an overweight rating and set a $250.00 target price (up previously from $235.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Saturday, June 25th. Robert W. Baird reiterated an outperform rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Tuesday, June 28th. Stifel Nicolaus reiterated a hold rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Tuesday, July 12th. Oppenheimer Holdings Inc. reiterated an outperform rating and set a $300.00 target price (up previously from $260.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Wednesday, August 3rd. Finally, Cowen and Company increased their target price on Ulta Salon, Cosmetics & Fragrance from $265.00 to $286.00 and gave the stock an outperform rating in a research note on Friday, August 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $265.50.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) opened at 258.72 on Wednesday. Ulta Salon, Cosmetics & Fragrance has a 1-year low of $146.77 and a 1-year high of $278.63. The firm has a 50-day moving average price of $242.16 and a 200-day moving average price of $235.98. The firm has a market cap of $16.14 billion, a price-to-earnings ratio of 45.54 and a beta of 0.70.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last announced 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. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. Ulta Salon, Cosmetics & Fragrance had a return on equity of 26.05% and a net margin of 8.35%. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 earnings per share. On average, analysts expect that Ulta Salon, Cosmetics & Fragrance will post $6.23 earnings per share for the current fiscal year.

In other news, Director Catherine Ann Halligan sold 400 shares of Ulta Salon, Cosmetics & Fragrance stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $239.40, for a total value of $95,760.00. Following the completion of the transaction, the director now directly owns 3,921 shares of the company’s stock, valued at approximately $938,687.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert F. Diromualdo sold 20,000 shares of Ulta Salon, Cosmetics & Fragrance stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $252.51, for a total value of $5,050,200.00. Following the completion of 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. 6.90% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Marsico Capital Management LLC purchased a new stake in shares of Ulta Salon, Cosmetics & Fragrance during the first quarter worth approximately $2,813,000. Quadrature Capital Ltd raised its stake in shares of Ulta Salon, Cosmetics & Fragrance by 225.0% in the first quarter. Quadrature Capital Ltd now owns 36,258 shares of the company’s stock worth $7,025,000 after buying an additional 25,102 shares during the last quarter. State Street Corp raised its stake in shares of Ulta Salon, Cosmetics & Fragrance by 44.8% in the first quarter. State Street Corp now owns 1,759,655 shares of the company’s stock worth $340,907,000 after buying an additional 544,226 shares during the last quarter. Cupps Capital Management LLC raised its stake in shares of Ulta Salon, Cosmetics & Fragrance by 358.5% in the first quarter. Cupps Capital Management LLC now owns 18,501 shares of the company’s stock worth $3,584,000 after buying an additional 14,466 shares during the last quarter. Finally, Credit Agricole S A raised its stake in shares of Ulta Salon, Cosmetics & Fragrance by 18.6% in the first quarter. Credit Agricole S A now owns 9,806 shares of the company’s stock worth $1,901,000 after buying an additional 1,537 shares during the last quarter. 87.11% of the stock is owned by hedge funds and other institutional investors.

Ulta Salon, Cosmetics & Fragrance Company Profile

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