Stock To Watch: Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA)

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The leading market experts have placed a mean price target of $292.20 on Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $2.05 a share for the upcoming quarter and $6.23 for the current fiscal.

Technical View

The technical analysis of Ulta Salon, Cosmetics & Fragran plainly substantiates that the 50-day moving average of Ulta Salon, Cosmetics & Fragran is $259.54, and stock is trading $-20.81 points away or -8.02% from its 50-day moving average of $259.54. Further it is trading $14.72 or +6.57% away its 200-day moving average of $224.01. Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) 52-week high is $278.63 and the 52-week low is $146.77.

This explains if the stock moves $-39.90, it will post a 52-week high. In event of +62.66% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Ulta Salon, Cosmetics & Fragran, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) ratio came in at 42.02.

The stock last ended the trading session at $238.73 and registered a market cap of $14.89B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) PEG ratio is at 1.96.

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