Ulta Salon, Cosmetics & Fragrance, Inc. operates as a beauty retailer in U.S. The company, through its stores, offers beauty products across the categories of cosmetics, fragrance, hair-care, skincare, bath and body products and salon styling tools, as well as salon hair care products. The disclosure for this sale can be found here.
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Ulta Salon (NASDAQ:ULTA) crushed earnings after reporting a 15% increase in Q1 same-store sales which came off of a comparison to last year’s 11% increase. The stock holds market capitalization of $75.77B. Tiffany has now surged the dividend rate 15 times in the past 14 years and, in so doing, has also surged the payout ratio over that period. (NASDAQ:ULTA) strong sell score is 0 while buy rating are 0.
Piper Jaffray reiterated a Buy rating. Finally, Vetr downgraded shares of Ulta Salon, Cosmetics & Fragrance from a “hold” rating to a “sell” rating and set a $167.38 target price for the company.in a report on Monday, February 1st. Ulta Salon reported first quarter revenues increased 23.7% year over year to $1.07 billion which beat analyst expectations of $1.03 billion. Ulta now says it expects earnings per share to grow in the low 20 percent range, up from the 18 to 20 percent it forecast previously.
In the most recent earnings report, the company noted in its guidance that it expects to have earnings in the range of $1.25 to $1.30 per share and revenues in the range of $1.016 billion to $1.033 billion, with comparable sales increasing 9% to 11%.
Taking a broader look at the analyst consensus, brokerage firms have a price target of $212.31 on Ulta Salon, Cosmetics & Fragrance, Inc. Ulta Salon, Cosmetics & Fragrance’s revenue was up 21.1% on a year-over-year basis. These are short term projections for the 12 months.
3M Firm (NYSE:MMM) tries to make charm in street, as shares traded at $168.91 with eases down of -0.64% in last trading session. On average, equities research analysts anticipate that Ulta Salon, Cosmetics & Fragrance will post $5.98 earnings per share for the current fiscal year. Engineers Gate Manager LP bought a new stake in shares of Ulta Salon, Cosmetics & Fragrance during the fourth quarter worth about $6,354,000. Ulta Salon, Cosmetics & Fragrance was founded on January 9, 1990 and is headquartered in Bolingbrook, IL.
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During the first quarter, the company opened 13 stores and closed one store. Moreover, the group’s buyback program also boosted its performance and repurchased over 157,765 shares of its stock at a cost of $26.7 million.
