Ulta Salon Cosmetics & Fragrance Inc. Sets New 1-Year High at $126.95 (ULTA)
Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) set a new 52-week high during mid-day trading on Friday, StockRatingsNetwork reports. The stock traded as high as $126.95 and last traded at $126.16, with a volume of 454,092 shares. The stock had previously closed at $123.69.
A number of analysts have recently weighed in on ULTA shares. Analysts at Sterne Agee raised their price target on shares of Ulta Salon Cosmetics & Fragrance from $125.00 to $130.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Ulta Salon Cosmetics & Fragrance to a “focus list” rating in a research note to investors on Thursday, October 3rd. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Ulta Salon Cosmetics & Fragrance 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Ulta Salon Cosmetics & Fragrance has an average rating of “Buy” and an average price target of $117.70.
Ulta Salon Cosmetics & Fragrance has a 52 week low of $72.51 and a 52 week high of $126.03. The stock’s 50-day moving average is $113.9 and its 200-day moving average is $99.06. The company has a market cap of $8.068 billion and a price-to-earnings ratio of 42.09.
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. Analysts expect that Ulta Salon Cosmetics & Fragrance will post $3.34 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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