Ulta Salon Cosmetics & Fragrance (ULTA) was Reiterated by Telsey Advisory Group to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 310 from a previous price target of $300 . Telsey Advisory Group advised their investors in a research report released on Oct 14, 2016.
Many Wall Street Analysts have commented on Ulta Salon Cosmetics & Fragrance. Company shares were Reiterated by Stifel on Oct 10, 2016 to “Hold”, Firm has raised the Price Target to $ 277 from a previous price target of $260 .Company shares were Reiterated by RBC Capital Mkts on Aug 29, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 270 from a previous price target of $225 .Company shares were Reiterated by Piper Jaffray on Aug 22, 2016 to “Overweight”, Firm has raised the Price Target to $ 290 from a previous price target of $250 .
On the company’s financial health, Ulta Salon Cosmetics & Fragrance reported $1.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on May 26, 2016. Analyst had a consensus of $1.29. The company had revenue of $1074.00 million for the quarter, 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.
Ulta Salon Cosmetics & Fragrance closed down -3.7 points or -1.54% at $236.66 with 6,09,575 shares getting traded on Tuesday. Post opening the session at $240.21, the shares hit an intraday low of $235.59 and an intraday high of $240.5836 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Sep 23, 2016, Catherine Ann Halligan (director) sold 400 shares at $239.40 per share price. According to the SEC, on Sep 20, 2016, Dennis K Eck (director) purchased 11,000 shares at $234.45 per share price. On Sep 15, 2016, Charles Heilbronn (director) sold 925,000 shares at $229.56 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.