Navellier Associates Inc buys $22.7 Million stake in Ulta Salon Cosmetics & Fragrance (ULTA)

Ulta Salon Cosmetics & Fragrance (ULTA) : Navellier Associates Inc scooped up 6,047 additional shares in Ulta Salon Cosmetics & Fragrance during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 110,420 shares of Ulta Salon Cosmetics & Fragrance which is valued at $22.7 Million.Ulta Salon Cosmetics & Fragrance makes up approximately 2.94% of Navellier Associates Inc’s portfolio.

Other Hedge Funds, Including , Avalon Global Asset Management added ULTA to its portfolio by purchasing 5,000 company shares during the most recent quarter which is valued at $1 Million. Ulta Salon Cosmetics & Fragrance makes up approx 1.08% of Avalon Global Asset Management’s portfolio.Ubs Asset Management Americas Inc reduced its stake in ULTA by selling 888 shares or 0.61% in the most recent quarter. The Hedge Fund company now holds 145,361 shares of ULTA which is valued at $29.8 Million. Ulta Salon Cosmetics & Fragrance makes up approx 0.04% of Ubs Asset Management Americas Inc’s portfolio.Jefferies Group boosted its stake in ULTA in the latest quarter, The investment management firm added 7,472 additional shares and now holds a total of 12,771 shares of Ulta Salon Cosmetics & Fragrance which is valued at $2.6 Million. Ulta Salon Cosmetics & Fragrance makes up approx 0.10% of Jefferies Group’s portfolio. Monetta Financial Services Inc sold out all of its stake in ULTA during the most recent quarter. The investment firm sold 4,000 shares of ULTA which is valued $834,720.Jennison Associates reduced its stake in ULTA by selling 144,216 shares or 11.27% in the most recent quarter. The Hedge Fund company now holds 1,135,799 shares of ULTA which is valued at $237 Million. Ulta Salon Cosmetics & Fragrance makes up approx 0.25% of Jennison Associates’s portfolio.

Ulta Salon Cosmetics & Fragrance opened for trading at $206.61 and hit $212.26 on the upside on Wednesday, eventually ending the session at $211.48, with a gain of 2.37% or 4.89 points. The heightened volatility saw the trading volume jump to 12,38,564 shares. Company has a market cap of $13,242 M.

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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