Ulta Salon, Cosmetics & Fragrance Price Target Raised to $195.00 (ULTA)
Investment analysts at Oppenheimer lifted their price target on shares of Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) from $180.00 to $195.00 in a report released on Wednesday, Market Beat Ratings reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price target would indicate a potential upside of 12.51% from the company’s current price.
Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) opened at 173.32 on Wednesday. The firm has a market capitalization of $11.13 billion and a PE ratio of 40.78. The stock has a 50 day moving average price of $165.52 and a 200-day moving average price of $153.26. Ulta Salon, Cosmetics & Fragrance has a 12-month low of $94.81 and a 12-month high of $176.77.
Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last posted its earnings results on Thursday, May 28th. The company reported $1.04 EPS for the quarter, topping the Thomson Reuters consensus estimate of $0.93 by $0.11. The business had revenue of $868.10 million for the quarter. Ulta Salon, Cosmetics & Fragrance’s revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share. On average, equities research analysts forecast that Ulta Salon, Cosmetics & Fragrance will post $4.71 EPS for the current year.
Several other brokerages also recently issued reports on ULTA. JPMorgan Chase & Co. increased their target price on shares of Ulta Salon, Cosmetics & Fragrance from $173.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Deutsche Bank started coverage on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Monday, August 3rd. They set a “hold” rating and a $162.00 price target for the company. They noted that the move was a valuation call. Cowen and Company reiterated an “outperform” rating and issued a $178.00 target price (up previously from $170.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Friday, May 29th. Telsey Advisory Group raised their price target on shares of Ulta Salon, Cosmetics & Fragrance from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, Sterne Agee CRT reaffirmed a “buy” rating and set a $168.00 target price on shares of Ulta Salon, Cosmetics & Fragrance in a report on Friday, May 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $164.71.
Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) is a beauty retailer. The Organization supplies salon services and salon products in the USA. It includes a mixture of more than 20,000 stature and mass beauty products. As of January 31, 2015, 774 shops managed in 47 states. The Company offers products in the classes, including cosmetic, which comprises 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 contains products for the face, hands and body; scent; nail polish and nail care products; men’s skincare, haircare and aroma products; private label, consisting of Ulta branded makeup, skincare, bath and body products and haircare, as well as other health and beauty products.
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