Analysts at Telsey Advisory Group decreased their target price on shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) from $131.00 to $119.00 in a research report issued to clients and investors on Friday, Stock Ratings News reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 0.85% from the stock’s previous close.
Shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) opened at 118.00 on Friday. Ulta Salon Cosmetics & Fragrance has a 52-week low of $72.51 and a 52-week high of $132.72. The stock’s 50-day moving average is $127.6 and its 200-day moving average is $108.. The company has a market cap of $7.543 billion and a price-to-earnings ratio of 42.01.
Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.74 by $0.02. The company had revenue of $618.80 million for the quarter, compared to the consensus estimate of $622.03 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 22.4% on a year-over-year basis. Analysts expect that Ulta Salon Cosmetics & Fragrance will post $3.33 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray downgraded shares of Ulta Salon Cosmetics & Fragrance from an “overweight” rating to a “neutral” rating in a research note to investors on Friday. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Ulta Salon Cosmetics & Fragrance has a consensus rating of “Buy” and an average price target of $119.56.
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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