Todays Report: The Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) Stake Increased by Concert Wealth Management Inc.

The Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) Stake Increased by Concert Wealth Management Inc.

Concert Wealth Management Inc. raised its stake in Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) by 2.5% during the second quarter, Holdings Channel reports. The fund owned 1,285 shares of the company’s stock after buying an additional 31 shares during the period. Concert Wealth Management Inc.’s holdings in Ulta Salon, Cosmetics & Fragrance were worth $314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Marsico Capital Management LLC acquired a new position in Ulta Salon, Cosmetics & Fragrance during the first quarter valued at about $2,813,000. Quadrature Capital Ltd boosted its position in Ulta Salon, Cosmetics & Fragrance by 225.0% in the first quarter. Quadrature Capital Ltd now owns 36,258 shares of the company’s stock valued at $7,025,000 after buying an additional 25,102 shares during the last quarter. State Street Corp boosted its position in Ulta Salon, Cosmetics & Fragrance by 44.8% in the first quarter. State Street Corp now owns 1,759,655 shares of the company’s stock valued at $340,907,000 after buying an additional 544,226 shares during the last quarter. Cupps Capital Management LLC boosted its position in Ulta Salon, Cosmetics & Fragrance by 358.5% in the first quarter. Cupps Capital Management LLC now owns 18,501 shares of the company’s stock valued at $3,584,000 after buying an additional 14,466 shares during the last quarter. Finally, Credit Agricole S A boosted its position in Ulta Salon, Cosmetics & Fragrance by 18.6% in the first quarter. Credit Agricole S A now owns 9,806 shares of the company’s stock valued at $1,901,000 after buying an additional 1,537 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) traded down 1.27% during midday trading on Friday, hitting $262.75. The company had a trading volume of 1,698,293 shares. The firm has a market cap of $16.39 billion, a price-to-earnings ratio of 46.25 and a beta of 0.70. The company’s 50 day moving average is $242.30 and its 200 day moving average is $234.41. Ulta Salon, Cosmetics & Fragrance Inc. has a one year low of $146.77 and a one year high of $278.63.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last announced its earnings results on Thursday, August 25th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. Ulta Salon, Cosmetics & Fragrance had a return on equity of 26.05% and a net margin of 8.35%. Ulta Salon, Cosmetics & Fragrance’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.15 earnings per share. Equities analysts forecast that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.23 earnings per share for the current fiscal year.

Several research firms have issued reports on ULTA. Robert W. Baird reiterated an “outperform” rating and issued a $300.00 price objective (up previously from $280.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Wednesday, August 24th. Piper Jaffray Cos. raised their price target on Ulta Salon, Cosmetics & Fragrance from $250.00 to $290.00 and gave the company an “overweight” rating in a research report on Monday, August 22nd. Nomura raised their price target on Ulta Salon, Cosmetics & Fragrance from $244.00 to $287.00 and gave the company a “buy” rating in a research report on Friday, August 26th. Cowen and Company raised their price target on Ulta Salon, Cosmetics & Fragrance from $265.00 to $286.00 and gave the company an “outperform” rating in a research report on Friday, August 26th. Finally, Buckingham Research raised their price target on Ulta Salon, Cosmetics & Fragrance from $285.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $265.50.

In related news, CEO Mary Dillon sold 51,885 shares of the company’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $245.73, for a total transaction of $12,749,701.05. Following the transaction, the chief executive officer now directly owns 76,089 shares of the company’s stock, valued at $18,697,349.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Scott M. Settersten sold 10,490 shares of the company’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $251.37, for a total value of $2,636,871.30. Following the transaction, the chief financial officer now directly owns 8,103 shares in the company, valued at $2,036,851.11. 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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