Trade Report: Today: First Midwest Bank Trust Division Takes Position in Ulta Salon, Cosmetics & Fragrance Inc. (ULTA)

Today: First Midwest Bank Trust Division Takes Position in Ulta Salon, Cosmetics & Fragrance Inc. (ULTA)

First Midwest Bank Trust Division purchased a new stake in shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,004 shares of the company’s stock, valued at approximately $1,905,000.

Several other large investors have also recently made changes to their positions in the stock. Global X Management Co. LLC raised its stake in Ulta Salon, Cosmetics & Fragrance by 118.6% in the second quarter. Global X Management Co. LLC now owns 483 shares of the company’s stock valued at $118,000 after buying an additional 262 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter valued at $120,000. Advisory Services Network LLC bought a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter valued at $122,000. Hanson McClain Inc. bought a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter valued at $122,000. Finally, Cypress Capital Management LLC WY bought a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter valued at $139,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) opened at 263.62 on Monday. The stock’s 50 day moving average price is $246.19 and its 200 day moving average price is $243.98. Ulta Salon, Cosmetics & Fragrance Inc. has a 52 week low of $146.77 and a 52 week high of $278.63.

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

Several research firms recently weighed in on ULTA. Stifel Nicolaus restated a “hold” rating and issued a $277.00 target price on shares of Ulta Salon, Cosmetics & Fragrance in a report on Friday, October 21st. Jefferies Group set a $255.00 target price on Ulta Salon, Cosmetics & Fragrance and gave the stock a “hold” rating in a report on Saturday, October 15th. Telsey Advisory Group boosted their target price on Ulta Salon, Cosmetics & Fragrance from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, October 14th. Cowen and Company restated an “outperform” rating and issued a $286.00 target price on shares of Ulta Salon, Cosmetics & Fragrance in a report on Thursday, October 13th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $250.00 target price on shares of Ulta Salon, Cosmetics & Fragrance in a report on Wednesday, October 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Ulta Salon, Cosmetics & Fragrance presently has an average rating of “Buy” and an average target price of $265.50.

In related news, CEO Mary Dillon sold 51,885 shares of Ulta Salon, Cosmetics & Fragrance stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 76,089 shares of the company’s stock, valued at approximately $18,697,349.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Scott M. Settersten sold 10,490 shares of Ulta Salon, Cosmetics & Fragrance stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $251.37, for a total value of $2,636,871.30. Following the sale, the chief financial officer now directly owns 8,103 shares of the company’s stock, valued at $2,036,851.11. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.

Ulta Salon, Cosmetics & Fragrance Company Profile

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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