Navellier Associates Inc Lowers stake in Ulta Salon Cosmetics & Fragrance (ULTA)

Ulta Salon Cosmetics & Fragrance (ULTA) : Navellier Associates Inc reduced its stake in Ulta Salon Cosmetics & Fragrance by 28.77% during the most recent quarter end. The investment management company now holds a total of 78,651 shares of Ulta Salon Cosmetics & Fragrance which is valued at $20,363,530 after selling 31,769 shares in Ulta Salon Cosmetics & Fragrance , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Ulta Salon Cosmetics & Fragrance makes up approximately 2.98% of Navellier Associates Inc’s portfolio.

Other Hedge Funds, Including , Shelton Capital Management boosted its stake in ULTA in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 3,875 shares of Ulta Salon Cosmetics & Fragrance which is valued at $1,003,276. Ulta Salon Cosmetics & Fragrance makes up approx 0.09% of Shelton Capital Management’s portfolio. Oakbrook Investments added ULTA to its portfolio by purchasing 3,600 company shares during the most recent quarter which is valued at $930,960. Ulta Salon Cosmetics & Fragrance makes up approx 0.05% of Oakbrook Investments’s portfolio.Capstone Asset Management Co boosted its stake in ULTA in the latest quarter, The investment management firm added 7,996 additional shares and now holds a total of 9,326 shares of Ulta Salon Cosmetics & Fragrance which is valued at $2,332,712. Ulta Salon Cosmetics & Fragrance makes up approx 0.07% of Capstone Asset Management Co’s portfolio.

Ulta Salon Cosmetics & Fragrance closed down -1.02 points or -0.39% at $261.33 with 3,48,528 shares getting traded on Monday. Post opening the session at $263.16, the shares hit an intraday low of $260.66 and an intraday high of $263.56 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. Ulta Salon Cosmetics & Fragrance was Resumed by Stifel to “Hold” on Jul 12, 2016. 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 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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