Ulta Salon Cosmetics & Fragrance (ULTA) reported quarterly earnings results on Thursday, May-26-2016. The company said it had a profit of $1.45 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.16. Analysts had a consensus of $1.29. The company posted revenue of $1074.00 million in the period, compared to analysts expectations of $1030.55 million. The company’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.
Many Wall Street Analysts have commented on Ulta Salon Cosmetics & Fragrance. Ulta Salon Cosmetics & Fragrance was Downgraded by Raymond James to ” Mkt Perform” on May 9, 2016. Ulta Salon Cosmetics & Fragrance was Initiated by BB&T Capital Mkts to “Hold” on Apr 20, 2016. Company shares were Reiterated by Piper Jaffray on Apr 13, 2016 to “Overweight”, Firm has raised the Price Target to $ 220 from a previous price target of $188 .
Ulta Salon Cosmetics & Fragrance opened for trading at $206.61 and hit $212.26 on the upside on Wednesday, eventually ending the session at $211.48, with a gain of 2.37% or 4.89 points. The heightened volatility saw the trading volume jump to 12,38,564 shares. Company has a market cap of $13,242 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.