3. As of noon trading, Ulta Salon Cosmetics & Fragrances ( ULTA) is down $2.25 (-1.8%) to $122.76 on average volume. Thus far, 453,234 shares of Ulta Salon Cosmetics & Fragrances exchanged hands as compared to its average daily volume of 680,500 shares. The stock has ranged in price between $122.55-$124.99 after having opened the day at $123.73 as compared to the previous trading day's close of $125.01. Ulta Salon, Cosmetics & Fragrance, Inc. operates specialty retail stores in the United States. Its stores offer cosmetics, fragrance, haircare, and skincare products, as well as related accessories and services. Ulta Salon Cosmetics & Fragrances has a market cap of $8.1 billion and is part of the services sector. The company has a P/E ratio of 43.2, above the S&P 500 P/E ratio of 17.7. Shares are up 27.2% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Ulta Salon Cosmetics & Fragrances a buy, no analysts rate it a sell, and 2 rate it a hold. TheStreet Ratings rates Ulta Salon Cosmetics & Fragrances as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Ulta Salon Cosmetics & Fragrances Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.