Goldman Sachs Group Inc. Increases Ulta Salon Cosmetics & Fragrance Price Target to $113.00 (ULTA)
Goldman Sachs Group Inc. raised their price target on shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) to $113.00 in a research note issued on Friday, StockRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s price target indicates a potential upside of 12.82% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) in a research note to investors on Monday. They set a “buy” rating and a $125.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) in a research note to investors on Monday, June 24th. They now have a $110.00 price target on the stock, up previously from $100.00. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) in a research note to investors on Tuesday, June 18th. They now have a $104.00 price target on the stock, up previously from $100.00.
Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $111.33.
Shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) traded up 14.84% on Friday, hitting $115.02. 1,512,318 shares of the company’s stock traded hands. Ulta Salon Cosmetics & Fragrance has a 52 week low of $72.51 and a 52 week high of $106.89. The stock’s 50-day moving average is $101.2 and its 200-day moving average is $92.82. The company has a market cap of $7.334 billion and a price-to-earnings ratio of 35.91. Ulta Salon Cosmetics & Fragrance also saw some unusual options trading on Thursday. Stock traders acquired 16,940 put options on the company. This is an increase of approximately 1,233% compared to the typical volume of 1,271 put options.
Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, September 12th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.03. The company had revenue of $601.00 million for the quarter, compared to the consensus estimate of $588.37 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 24.8% on a year-over-year basis. On average, analysts predict that Ulta Salon Cosmetics & Fragrance will post $3.32 earnings per share for the current fiscal year.
Ulta Salon, Cosmetics & Fragrance, Inc (NASDAQ:ULTA) is a beauty retailer, which provides one-stop shopping for prestige, mass and salon products and salon services in the United States.
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