Ulta Salon Cosmetics & Fragrance (ULTA) Receives Price Target

Ulta Salon Cosmetics & Fragrance (ULTA) : The highest level Ulta Salon Cosmetics & Fragrance (ULTA) is projected to reach is $325 for the short term and the lowest estimate is at $250. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $284.42 and the possibility the share price can swing is $21.85.

Ulta Salon Cosmetics & Fragrance (ULTA) : The consensus on Ulta Salon Cosmetics & Fragrance (ULTA) based on 17 analyst recommendation on the company stock is 1.82, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $280 per share from a prior target of $225. The rating by the firm was issued on August 26, 2016.

Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA): The stock opened at $246.67 on Thursday but the bulls could not build on the opening and the stock topped out at $248.44 for the day. The stock traded down to $244.68 during the day, due to lack of any buying support eventually closed down at $245.52 with a loss of -0.68% for the day. The stock had closed at $247.21 on the previous day. The total traded volume was 682,612 shares.

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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