Investing in Ulta

Posted on March 5, 2013 @ 08:54 am

Investment analyst firm Sterne Agee has assumed coverage on shares of Ulta Salon, Cosmetics & Fragrance in a note issued to its investors. The firm set a “buy” rating and a $102.00 price target on the stock.

Ulta's shares recently opened at 88.78. The retailer's stock has a one year low of $78.87 and a one year high of $103.52.

A number of other analysts have also recently weighed in on ULTA. Analysts at Oppenheimercut their price target on shares of Ulta Salon, Cosmetics & Fragrance from $115.00 to $105.00; and analysts at Jefferies & Co. cut their price target on the reatiler's shares from $100.00 to $85.00. Additionally, analysts at Jefferies Group cut their price target from $100.00 to $85.00.

In total, 6 equities research analysts have rated the beauty retailers' stock with a "buy" rating, one has given an "overweight" rating, and four have issued a "hold" rating.