JPMorgan Chase & Co. Increases Ulta Salon Cosmetics & Fragrance Price Target to $125.00 (ULTA)
Investment analysts at JPMorgan Chase & Co. lifted their price objective on shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) from $108.00 to $125.00 in a note issued to investors on Friday, Stock Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 4.95% from the company’s current price.
In other Ulta Salon Cosmetics & Fragrance news, VP Janet Taake sold 20,341 shares of the company’s stock on the open market in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $119.95, for a total value of $2,439,902.95. Following the sale, the vice president now directly owns 7,891 shares of the company’s stock, valued at approximately $946,525. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) traded up 1.53% during mid-day trading on Friday, hitting $119.11. The stock had a trading volume of 488,072 shares. Ulta Salon Cosmetics & Fragrance has a one year low of $72.51 and a one year high of $121.50. The stock has a 50-day moving average of $106. and a 200-day moving average of $94.86. The company has a market cap of $7.614 billion and a price-to-earnings ratio of 39.92.
Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, September 12th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the 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.
ULTA has been the subject of a number of other recent research reports. Analysts at Thomson Reuters/Verus downgraded shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) from a “hold” rating to a “sell” rating in a research note to investors on Monday. Separately, analysts at Jefferies Group downgraded shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) from a “buy” rating to a “hold” rating in a research note to investors on Monday. They now have a $120.00 price target on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) from $104.00 to $125.00 in a research note to investors on Friday, September 13th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $117.91.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.