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A statement released earlier today by Piper Jaffray about Ulta Salon (NASDAQ:ULTA) bumps the target price to $290.00

Indicating a possible upside of 0.06%, Piper Jaffray upped the target price of Ulta Salon (NASDAQ:ULTA) to $290.

Just yesterday Ulta Salon (NASDAQ:ULTA) traded 0.34% higher at $274.55. Ulta Salon’s 50-day moving average is $258.42 and its 200-day average is $226.02. With the last stock price up 3.44% relative to the 200-day moving average, compared with the S&P 500 Index which has fallen -0.01% over the same time. Trading volume was was up over the average, with 1,347,187 shares of ULTA changing hands over the typical 793,961 shares..

Performance Graphic:

Ulta Salon (NASDAQ:ULTA)

Ulta Salon has a price-earnings of 41 with a one-year low of $146.77 and a one-year high of $278.63 and has a market cap of $0.0.

In addition to Piper Jaffray reporting it’s price target, a total of 17 analysts have issued a ratings update on the stock. The 12-month target is $209.82 with seven firms rating the stock a strong buy, seven firms rating the company a buy, seven firms rating the stock a hold, 0 rating the company to underperform, and finally 0 analystsrating the company as sell.

More About Ulta Salon (NASDAQ:ULTA)

Ulta Salon, Cosmetics & Fragrance, Inc. is a beauty retailer. The Company operates specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services. The Company operates through three segments: retail stores, salon services and e-commerce. The Company also offers a full-service salon in every store featuring hair, skin and brow services. The Company offers approximately 20, 000 products from over 500 beauty brands across all categories and price points, including its own private label, the Ulta Beauty Collection. The Company operates over 870 stores in approximately 50 states. The Company offers a loyalty program, Ultamate Rewards, and targeted promotions through its Customer Relationship Management (CRM) platform. It also offers promotions and coupons, in-store events and gifts with purchase. The Company’s e-commerce business,, provides access to product and store information, and beauty trends and techniques.

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