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Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) set a new 52-week high during mid-day trading on Friday, AnalystRatingsNetwork reports. The stock traded as high as $118.27 and last traded at $117.85, with a volume of 3,745,284 shares. The stock had previously closed at $100.16.

ULTA has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) in a research note to investors on Friday. They now have a $124.00 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 Friday. They now have a $120.00 price target on the stock, up previously from $110.00. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) to $113.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock.

Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $113.60.

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 $7.517 billion and a price-to-earnings ratio of 35.91. Ulta Salon Cosmetics & Fragrance also saw some unusual options trading activity on Thursday. Traders bought 16,940 put options on the company. This is an increase of 1,233% compared to the typical daily 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 previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. Analysts expect that Ulta Salon Cosmetics & Fragrance will post $3.32 EPS 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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