Today, Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) Stake Increased by JPMorgan Chase & Co.

Today, Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) Stake Increased by JPMorgan Chase & Co.
JPMorgan Chase & Co. boosted its stake in shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,530,391 shares of the company’s stock after buying an additional 70,887 shares during the period. JPMorgan Chase & Co. owned 4.06% of Ulta Salon, Cosmetics & Fragrance worth $603,381,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Ulta Salon, Cosmetics & Fragrance by 23.1% in the second quarter. Vanguard Group Inc. now owns 5,282,445 shares of the company’s stock valued at $1,287,015,000 after buying an additional 989,926 shares in the last quarter. Jennison Associates LLC increased its stake in Ulta Salon, Cosmetics & Fragrance by 83.6% in the third quarter. Jennison Associates LLC now owns 2,029,500 shares of the company’s stock valued at $482,980,000 after buying an additional 924,308 shares in the last quarter. State Street Corp increased its stake in Ulta Salon, Cosmetics & Fragrance by 37.8% in the second quarter. State Street Corp now owns 2,425,671 shares of the company’s stock valued at $590,980,000 after buying an additional 666,016 shares in the last quarter. Capital World Investors increased its stake in Ulta Salon, Cosmetics & Fragrance by 8.2% in the second quarter. Capital World Investors now owns 4,859,000 shares of the company’s stock valued at $1,183,847,000 after buying an additional 366,769 shares in the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter valued at about $51,988,000. 87.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) opened at 262.02 on Friday. The firm’s 50-day moving average price is $245.28 and its 200 day moving average price is $243.59. The company has a market capitalization of $16.34 billion, a PE ratio of 46.12 and a beta of 0.71. Ulta Salon, Cosmetics & Fragrance Inc. has a 1-year low of $146.77 and a 1-year high of $278.63.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 25th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.03. Ulta Salon, Cosmetics & Fragrance had a net margin of 8.35% and a return on equity of 26.05%. The company earned $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business posted $1.15 EPS. Ulta Salon, Cosmetics & Fragrance’s quarterly revenue was up 21.9% compared to the same quarter last year. Equities analysts predict that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.31 EPS for the current fiscal year.

Several analysts have issued reports on ULTA shares. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $300.00 price target on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Tuesday, October 4th. Robert W. Baird reaffirmed an “outperform” rating and issued a $300.00 target price (up previously from $280.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Wednesday, August 24th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $290.00 target price on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Wednesday, August 31st. RBC Capital Markets set a $270.00 target price on Ulta Salon, Cosmetics & Fragrance and gave the company a “hold” rating in a research report on Monday, August 29th. Finally, Royal Bank Of Canada lifted their target price on Ulta Salon, Cosmetics & Fragrance from $225.00 to $270.00 and gave the company a “sector perform” rating in a research report on Monday, August 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Ulta Salon, Cosmetics & Fragrance has an average rating of “Buy” and an average price target of $265.50.

In other news, Director Catherine Ann Halligan sold 400 shares of the firm’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $239.40, for a total transaction of $95,760.00. Following the completion of the sale, the director now owns 3,921 shares in the company, valued at approximately $938,687.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles Heilbronn sold 925,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $229.56, for a total transaction of $212,343,000.00. Following the sale, the director now owns 58,928 shares of the company’s stock, valued at approximately $13,527,511.68. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.

About Ulta Salon, Cosmetics & Fragrance

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.

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