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Ulta Salon Cosmetics & Fragrance Inc (NDAQ:ULTA) has been downgraded from Buy to Neutral in a statement by Cleveland Research earlier today.

Just yesterday Ulta Salon Cosmetics & Fragrance Inc (NDAQ:ULTA) traded -6.46% lower at $192.23. Ulta Salon Cosmetics & Fragrance Inc’s 50-day moving average is $222.29 and its 200-day moving average is $264.19. The last closing price is down -26.40% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 2,567,102 shares of ULTA traded hands, up from an average trading volume of 1,305,490

Cleveland Research has downgraded Ulta Salon Cosmetics & Fragrance Inc (NDAQ:ULTA) from Buy to Neutral in a report released on 10/12/2017.

Previously on 08/25/2017, BMO Capital Markets reported on Ulta Salon Cosmetics & Fragrance Inc (NDAQ:ULTA) reduced the target price from $345.00 to $235.00. At the time, this indicated a possible upside of 0.09%.

Recent Performance Chart

Ulta Salon Cosmetics & Fragrance Inc (NDAQ:ULTA)

Ulta Salon Cosmetics & Fragrance Inc has 52 week low of $189.50 and a 52 week high of $314.86 with a PE ratio of 25.89 and has a market capitalization of $0.

In addition to Cleveland Research reporting its target price, a total of 17 firms have reported on the stock. The consensus target price is $209.82 with 7 firms rating the stock a strong buy, 7 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Ulta Salon Cosmetics & Fragrance Inc (NDAQ:ULTA)

Ulta Beauty, Inc. is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company's own private label. The Company also offers a full-service salon in every store featuring hair, skin and brow services. The Company operates approximately 970 retail stores across over 48 states and the District of Columbia and also distributes its products through its Website, which includes a collection of tips, tutorials and social content. The Company offers makeup products, such as foundation, face powder, concealer, color correcting, face primer, blush, bronzer, contouring, highlighter, setting spray, shampoos, conditioners, hair styling products, hair styling tools and perfumes. The Company also offers makeup brushes and tools, and makeup bags and cases.

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