Stock analysts at Sterne Agee boosted their price target on shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) from $125.00 to $130.00 in a report issued on Thursday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s price objective would suggest a potential upside of 4.80% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. upgraded shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) to a “focus list” rating in a research note to investors on Thursday. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $117.70.
Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) opened at 124.04 on Thursday. 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 $108.3 and its 200-day moving average is $96.14. The company has a market cap of $7.929 billion and a price-to-earnings ratio of 42.20.
Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) last announced its earnings results on Thursday, September 12th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.54 earnings per share. Ulta Salon Cosmetics & Fragrance’s revenue was up 24.8% compared to the same quarter last year. 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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