Why Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $256.44 on Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $6.14 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) stands at 49.50.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Ulta Salon, Cosmetics & Fragran, the PEG ratio for coming 3-5 years is 2.20.

Technical Analysis

The technical analysis highlights that Ulta Salon, Cosmetics & Fragran current is trading $12.67 points away or +4.99% from its 50-day moving average of $254.13. Further it is trading $55.57 or +26.31% away its 200-day moving average of $211.23.

The 52-week high of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) was $266.98 while lowest point recorded in 52-week was $120.38. It implies if stock price makes a movement of over $-0.18, it will record a new 52-week high. In the case of +121.63% drop, it will touch a new 52-week low.

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