Analyst Rating Update on Ulta Salon Cosmetics & Fragrance (ULTA)

Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) has an average broker rating of 1.82, which is interpreted as a Buy, as rated by 17 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) stock is expected to deviate a maximum of $19.94 from the average target price of $244.67 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $285 and the most muted being $215.

For the current week, the company shares have a recommendation consensus of Buy.

Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA): stock turned positive on Tuesday. Though the stock opened at $237.08, the bulls momentum made the stock top out at $237.5 level for the day. The stock recorded a low of $234.62 and closed the trading day at $236.21, in the green by 0.50%. The total traded volume for the day was 793,855. The stock had closed at $235.04 in the previous days trading.

In an insider trading activity,The director of Ulta Salon, Cosmetics & Fragrance, Inc., Diromualdo Robert F sold 2,500 shares at $237.09 on June 3, 2016. The Insider selling transaction had a total value worth of $592,725. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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 20,000 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; mens 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.

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