Ulta Salon Cosmetics & Fragrance (ULTA) is Reiterated by Piper Jaffray to Overweight, Raises Price Target to $ 220

Ulta Salon Cosmetics & Fragrance (ULTA) was Reiterated by Piper Jaffray to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 220 from a previous price target of $188 . Piper Jaffray advised their investors in a research report released on Apr 13, 2016.

Many Wall Street Analysts have commented on Ulta Salon Cosmetics & Fragrance. Company shares were Reiterated by Deutsche Bank on Mar 11, 2016 to “Hold”, Firm has raised the Price Target to $ 178 from a previous price target of $170 .Company shares were Reiterated by Wolfe Research on Mar 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 210 from a previous price target of $187 .Company shares were Reiterated by Telsey Advisory Group on Mar 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 215 from a previous price target of $210 .

On the company’s financial health, Ulta Salon Cosmetics & Fragrance reported $1.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Mar 10, 2016. Analyst had a consensus of $1.54. The company had revenue of $1268.30 million for the quarter, compared to analysts expectations of $1235.18 million. The company’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS.

Ulta Salon Cosmetics & Fragrance opened for trading at $201.51 and hit $204.62 on the upside on Monday, eventually ending the session at $202.1, with a gain of 0.79% or 1.59 points. The heightened volatility saw the trading volume jump to 15,98,833 shares. Company has a market cap of $12,655 M.

In a different news, on Mar 28, 2016, George R Jr Mrkonic (director) purchased 2,000 shares at $191.45 per share price. According to the SEC, on Mar 17, 2016, Robert F Diromualdo (director) sold 20,000 shares at $190.30 per share price. On Sep 3, 2015, Lorna Nagler (director) sold 12,500 shares at $155.40 per share price, according to the Form-4 filing with the securities and exchange commission.

Ulta Salon Cosmetics & Fragrance Inc. (Ulta) is a beauty retailer. The Company provides salon products and salon services in the United States. It offers a combination of more than 20000 prestige and mass beauty products. As of January 31 2015 it operated 774 stores in 47 states. The Company offers products in the categories including cosmetics which includes products for the face eyes cheeks lips and nails; haircare which includes shampoos conditioners styling products and hair accessories; salon styling tools which includes hair dryers curling irons and flat irons; skincare and bath and body which includes products for the face hands and body; fragrance; nail polish and nail care products; men’s skincare haircare and fragrance products; private label consisting of Ulta branded cosmetics skincare bath and body products and haircare and other health and beauty products.

Ulta Salon Cosmetics & Fragrance

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