The ratio also provides a clue to how much investors are paying for what would be left if the company went bankrupt immediately. If the $309.85 PT is reached, the company will be worth $6.17B more. The stock exchanged overall volume of 9.45 million shares as compared to its average volume of 8.44 million shares. Cim LLC now owns 4,197 shares of the company’s stock worth $776,000 after buying an additional 21 shares during the period. About 132 shares traded hands. (NASDAQ:ULTA) has risen 22.71% since October 19, 2015 and is uptrending.
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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. This means 59% are positive. The stock is going forward its fifty-two week low with 28.65% and lagging behind from its 52-week high price with -0.85%. Additionally, its median price target is stands at $69.
Wall Street analysts are predicting that Ulta Salon, Cosmetics & Fragrance, Inc. Raymond James downgraded the stock on May 9 to “Market Perform” rating. Deutsche Bank reiterated a “hold” rating and issued a $178.00 target price (up from $170.00) on shares of Ulta Salon, Cosmetics & Fragrance in a report on Friday, March 11th. Jefferies Group’s target price would suggest a potential upside of 0.61% from the company’s current price.
Oppenheimer reiterated a Buy rating.
Specialty beauty retailers have been deemed Amazon-proof by some analysts, and Ulta continues to outperform amid a grisly retail earnings season. 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. Each salon is a full-service salon offering hair cuts, hair coloring and permanent texture, with salons also providing facials and waxing.
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The institutional sentiment decreased to 1.06 in Q4 2015. The biggest holder now is Lynelle P. Kirby who owns 870,723 shares (1.39% of those outstanding), whilst Terry J. Hanson holds 775,672 (1.24% of shares outstanding) and Dennis K. Eck holds 487,001 (0.78% of shares outstanding). The planned increase in capital expenditures includes approximately $80 million to fund an accelerated rollout of prestige brand boutiques and enhancements to the Ulta Beauty Collection and fragrance fixtures in hundreds of stores. About $219 million remained under the $425-million share repurchase program. On average, equities research analysts anticipate that Ulta Salon, Cosmetics & Fragrance will post $5.98 earnings per share for the current fiscal year. Aeris Capital Holding Gmbh owns 35,675 shares or 3.64% of their U.S. portfolio.
