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Actionable news in ULTA: Ulta Salon, Cosmetics & Fragrance, Inc.,

What to Look for When Ulta Reports Q2 Results on Thursday

NEW YORK (TheStreet) -- Ulta Salon, Cosmetics & Frangrance (ULTA) is projected to report a year-over-year increase in earnings and revenue for the 2016 second quarter after Thursday's market close.

Analysts surveyed by Thomson Reuters are looking for adjusted earnings of $1.39 per share on $1.06 billion in revenue. For the year-ago period, Ulta posted earnings of $1.15 per diluted share on $877.0 million in revenue.

Wolfe Research hiked its price target on shares of the Bolingbrook, IL-based beauty retailer to $326 from $267 ahead of the results, TheFly reports.

The firm, which reiterated its "outperform" rating on the stock, noted...