Breaking: Ulta Salon (NASDAQ:ULTA) Sector Perform Rating Reemphasized by research analysts RBC Capital Mkts Today; The Target Price Provided Is $174

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Ulta Salon (NASDAQ:ULTA) Rating Reaffirmed

New York: In recent note shared with investors and clients on 4 December, RBC Capital Mkts reiterated their Sector Perform rating on Ulta Salon (NASDAQ:ULTA) shares. They now have a $174 PT on the firm. RBC Capital Mkts’s target provides a potential upside of 6.62% from the company’s stock price.

From a total of 18 analysts covering Ulta Salon Cosmetics & Fragrance Inc (NASDAQ:ULTA) stock, 13 rate it a ”Buy”, 0 a “Sell”, and 9 a ”Hold”. This means that 59% of the ratings are positive. The highest target price is $225 while the lowest target price is $155. The mean of all analyst targets is $183.83 with a 12.55% above today’s ($163.19) stock price. Ulta Salon Cosmetics & Fragrance Inc was the topic of 21 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on November 30 with “Overweight” rating. Telsey Advisory Group maintained shares with “Outperform” rating and $200.0 target share price in a report from an August 24. Wells Fargo reinitiated ULTA stock in a recent report from October 22 with “Market Perform” rating. Finally, William Blair maintained the stock with “Buy” rating in a report issued on an August 31.

The stock decreased 0.20% or $0.33 on December 3, striking $163.19. Approximately shares of stock traded hands. Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) has risen 5.78% since May 1, 2015 and is uptrending. It has outperformed by 8.56% the S&P500.

Ulta Salon, Cosmetics & Fragrance, Inc. is a beauty retailer. The company has a market cap of $10.43 billion. The Firm provides salon products and salon services in the United States. It has 36.59 P/E ratio. It offers a combination of more than 20,000 prestige and mass beauty products.

According to Zacks Investment Research, “ULTA is the largest beauty retailer that provides one-stop shopping for prestige, mass and salon products and salon services in the United States. ULTA provides affordable indulgence to its customers by combining the product breadth, value and convenience of a beauty superstore with the distinctive environment and experience of a specialty retailer. ULTA offers a unique combination of over twenty one thousand prestige and mass beauty products across the categories of cosmetics, fragrance, haircare, skincare, bath and body products and salon styling tools, as well as salon haircare products. ULTA also offers a full-service salon in all of its stores.” Get a free copy of the Zacks research report on Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA).

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