Ulta Salon Cosmetics & Fragrance Rating Increased to Focus List at Citigroup Inc. (ULTA)
Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) was upgraded by research analysts at Citigroup Inc. to a “focus list” rating in a report released on Thursday, AnalystRatingsNetwork reports.
Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) opened at 121.42 on Thursday. Ulta Salon Cosmetics & Fragrance has a 52-week low of $72.51 and a 52-week high of $121.99. The stock’s 50-day moving average is $107.7 and its 200-day moving average is $95.9. The company has a market cap of $7.762 billion and a price-to-earnings ratio of 41.31.
Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) last announced its earnings results 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. Analysts expect that Ulta Salon Cosmetics & Fragrance will post $3.34 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) from $108.00 to $125.00 in a research note to investors on Friday, September 27th. They now have an “overweight” rating on the stock. Separately, 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, September 23rd. Finally, 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, September 23rd. They now have a $120.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $117.20.
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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