Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) Director Dennis K. Eck bought 11,000 shares of Ulta Salon, Cosmetics & Fragrance stock in a transaction dated Monday, September 19th. The shares were acquired at an average price of $234.45 per share, with a total value of $2,578,950.00. Following the completion of the purchase, the director now directly owns 503,530 shares in the company, valued at approximately $118,052,608.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) opened at 233.20 on Wednesday. The firm has a market cap of $14.54 billion, a PE ratio of 41.05 and a beta of 0.59. The stock’s 50 day moving average price is $254.79 and its 200-day moving average price is $228.42. Ulta Salon, Cosmetics & Fragrance Inc. has a 12-month low of $146.77 and a 12-month high of $278.63.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 25th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.03. Ulta Salon, Cosmetics & Fragrance had a return on equity of 26.05% and a net margin of 8.35%. The business earned $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company earned $1.15 earnings per share. Ulta Salon, Cosmetics & Fragrance’s revenue was up 21.9% compared to the same quarter last year. Equities research analysts anticipate that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.23 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the stock. Algert Global LLC purchased a new position in shares of Ulta Salon, Cosmetics & Fragrance during the first quarter valued at $2,350,000. CLS Investments LLC raised its position in shares of Ulta Salon, Cosmetics & Fragrance by 9.0% in the first quarter. CLS Investments LLC now owns 2,782 shares of the company’s stock valued at $539,000 after buying an additional 230 shares during the period. Stratos Wealth Partners LTD. raised its position in shares of Ulta Salon, Cosmetics & Fragrance by 15.9% in the first quarter. Stratos Wealth Partners LTD. now owns 3,356 shares of the company’s stock valued at $650,000 after buying an additional 460 shares during the period. Teachers Advisors Inc. raised its position in shares of Ulta Salon, Cosmetics & Fragrance by 3.9% in the first quarter. Teachers Advisors Inc. now owns 167,927 shares of the company’s stock valued at $32,534,000 after buying an additional 6,227 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in shares of Ulta Salon, Cosmetics & Fragrance by 25.5% in the first quarter. TIAA CREF Investment Management LLC now owns 452,365 shares of the company’s stock valued at $87,641,000 after buying an additional 91,875 shares during the period. 87.03% of the stock is owned by institutional investors and hedge funds.

ULTA has been the subject of several research analyst reports. RBC Capital Markets set a $270.00 target price on Ulta Salon, Cosmetics & Fragrance and gave the stock a “hold” rating in a research note on Monday, August 29th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Sunday, May 29th. Piper Jaffray Cos. restated an “overweight” rating and issued a $250.00 price target (up from $235.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Saturday, June 25th. Robert W. Baird restated a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Sunday, May 29th. Finally, Jefferies Group boosted their price target on Ulta Salon, Cosmetics & Fragrance from $180.00 to $215.00 and gave the company a “hold” rating in a research note on Friday, May 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Ulta Salon, Cosmetics & Fragrance has a consensus rating of “Buy” and an average price target of $260.97.

Ulta Salon, Cosmetics & Fragrance Company Profile

Ulta Salon, Cosmetics & Fragrance, Inc is a beauty retailer. The Company operates specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services. The Company operates through three segments: retail stores, salon services and e-commerce. The Company also offers a full-service salon in every store featuring hair, skin and brow services.

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