Quadrature Capital Ltd buys $7.4 Million stake in Ulta Salon Cosmetics & Fragrance (ULTA)

Ulta Salon Cosmetics & Fragrance (ULTA) : Quadrature Capital Ltd scooped up 25,102 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 36,258 shares of Ulta Salon Cosmetics & Fragrance which is valued at $7.4 Million.Ulta Salon Cosmetics & Fragrance makes up approximately 1.03% of Quadrature Capital Ltd’s portfolio.

Other Hedge Funds, Including , State Of Tennessee Treasury Department sold out all of its stake in ULTA during the most recent quarter. The investment firm sold 15,000 shares of ULTA which is valued $3.1 Million.Raymond James Associates boosted its stake in ULTA in the latest quarter, The investment management firm added 2,109 additional shares and now holds a total of 120,119 shares of Ulta Salon Cosmetics & Fragrance which is valued at $24.6 Million. Ulta Salon Cosmetics & Fragrance makes up approx 0.08% of Raymond James Associates’s portfolio.Mazama Capital Management Inc reduced its stake in ULTA by selling 1,252 shares or 22.8% in the most recent quarter. The Hedge Fund company now holds 4,239 shares of ULTA which is valued at $869,843. Ulta Salon Cosmetics & Fragrance makes up approx 0.18% of Mazama Capital Management Inc’s portfolio.Norges Bank boosted its stake in ULTA in the latest quarter, The investment management firm added 69,900 additional shares and now holds a total of 578,459 shares of Ulta Salon Cosmetics & Fragrance which is valued at $118.7 Million. Ulta Salon Cosmetics & Fragrance makes up approx 0.06% of Norges Bank’s portfolio.Cibc World Markets reduced its stake in ULTA by selling 20,538 shares or 86.99% in the most recent quarter. The Hedge Fund company now holds 3,071 shares of ULTA which is valued at $640,856.

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 $1.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on May 26, 2016. Analyst had a consensus of $1.29. The company had revenue of $1074.00 million for the quarter, compared to analysts expectations of $1030.55 million. The company’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.

Many Wall Street Analysts have commented on Ulta Salon Cosmetics & Fragrance. Company shares were Reiterated by Telsey Advisory Group on May 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 265 from a previous price target of $215 .Company shares were Reiterated by RBC Capital Mkts on May 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 225 from a previous price target of $180 .Ulta Salon Cosmetics & Fragrance was Downgraded by Raymond James to ” Mkt Perform” on May 9, 2016.

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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