Columbus Circle Investors Lowers stake in Ulta Salon Cosmetics & Fragrance (ULTA)

Ulta Salon Cosmetics & Fragrance (ULTA) : Columbus Circle Investors reduced its stake in Ulta Salon Cosmetics & Fragrance by 10.13% during the most recent quarter end. The investment management company now holds a total of 1,357,093 shares of Ulta Salon Cosmetics & Fragrance which is valued at $283,198,167 after selling 152,931 shares in Ulta Salon Cosmetics & Fragrance , the firm said in a disclosure report filed with the SEC on May 3, 2016.Ulta Salon Cosmetics & Fragrance makes up approximately 2.57% of Columbus Circle Investors’s portfolio.

Other Hedge Funds, Including , Globeflex Capital L P reduced its stake in ULTA by selling 100 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 10,180 shares of ULTA which is valued at $2,124,362. Ulta Salon Cosmetics & Fragrance makes up approx 0.58% of Globeflex Capital L P’s portfolio. Cadence Capital Management sold out all of its stake in ULTA during the most recent quarter. The investment firm sold 21,459 shares of ULTA which is valued $4,478,064.Oppenheimer Co Inc reduced its stake in ULTA by selling 16,227 shares or 45.03% in the most recent quarter. The Hedge Fund company now holds 19,809 shares of ULTA which is valued at $4,125,819. Ulta Salon Cosmetics & Fragrance makes up approx 0.12% of Oppenheimer Co Inc’s portfolio.First Western Capital Management Co reduced its stake in ULTA by selling 1,300 shares or 8.31% in the most recent quarter. The Hedge Fund company now holds 14,350 shares of ULTA which is valued at $2,947,347. Ulta Salon Cosmetics & Fragrance makes up approx 1.03% of First Western Capital Management Co’s portfolio.

Ulta Salon Cosmetics & Fragrance closed down -0.19 points or -0.09% at $208.27 with 8,54,348 shares getting traded on Tuesday. Post opening the session at $209.25, the shares hit an intraday low of $205.79 and an intraday high of $209.25 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Ulta Salon Cosmetics & Fragrance reported $1.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Mar 10, 2016. Analyst had a consensus of $1.54. The company had revenue of $1268.30 million for the quarter, compared to analysts expectations of $1235.18 million. The company’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS.

Many Wall Street Analysts have commented on Ulta Salon Cosmetics & Fragrance. Ulta Salon Cosmetics & Fragrance was Downgraded by Raymond James to ” Mkt Perform” on May 9, 2016. Ulta Salon Cosmetics & Fragrance was Initiated by BB&T Capital Mkts to “Hold” on Apr 20, 2016. Company shares were Reiterated by Piper Jaffray on Apr 13, 2016 to “Overweight”, Firm has raised the Price Target to $ 220 from a previous price target of $188 .

Ulta Salon Cosmetics & Fragrance Inc. (Ulta) is a beauty retailer. The Company provides salon products and salon services in the United States. It offers a combination of more than 20000 prestige and mass beauty products. As of January 31 2015 it operated 774 stores in 47 states. The Company offers products in the categories including cosmetics which includes products for the face eyes cheeks lips and nails; haircare which includes shampoos conditioners styling products and hair accessories; salon styling tools which includes hair dryers curling irons and flat irons; skincare and bath and body which includes products for the face hands and body; fragrance; nail polish and nail care products; men’s skincare haircare and fragrance products; private label consisting of Ulta branded cosmetics skincare bath and body products and haircare and other health and beauty products.

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