Cavalier Investments Lowers stake in Ulta Salon Cosmetics & Fragrance (ULTA)

Ulta Salon Cosmetics & Fragrance (ULTA) : Cavalier Investments reduced its stake in Ulta Salon Cosmetics & Fragrance by 49.24% during the most recent quarter end. The investment management company now holds a total of 6,700 shares of Ulta Salon Cosmetics & Fragrance which is valued at $1,787,560 after selling 6,500 shares in Ulta Salon Cosmetics & Fragrance , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Ulta Salon Cosmetics & Fragrance makes up approximately 1.02% of Cavalier Investments’s portfolio.

Other Hedge Funds, Including , Samlyn Capital added ULTA to its portfolio by purchasing 270,205 company shares during the most recent quarter which is valued at $72,090,694. Ulta Salon Cosmetics & Fragrance makes up approx 1.75% of Samlyn Capital’s portfolio.Citadel Advisors reduced its stake in ULTA by selling 117,758 shares or 54.98% in the most recent quarter. The Hedge Fund company now holds 96,442 shares of ULTA which is valued at $25,730,726. Ulta Salon Cosmetics & Fragrance makes up approx 0.07% of Citadel Advisors’s portfolio.United Services Automobile Association reduced its stake in ULTA by selling 18,222 shares or 37.04% in the most recent quarter. The Hedge Fund company now holds 30,967 shares of ULTA which is valued at $8,261,996. Ulta Salon Cosmetics & Fragrance makes up approx 0.03% of United Services Automobile Association’s portfolio. Louisiana State Employees Retirement System added ULTA to its portfolio by purchasing 4,100 company shares during the most recent quarter which is valued at $1,056,693. Ulta Salon Cosmetics & Fragrance makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio.Checchi Capital Advisers boosted its stake in ULTA in the latest quarter, The investment management firm added 534 additional shares and now holds a total of 979 shares of Ulta Salon Cosmetics & Fragrance which is valued at $253,169. Ulta Salon Cosmetics & Fragrance makes up approx 0.06% of Checchi Capital Advisers’s portfolio.

Ulta Salon Cosmetics & Fragrance closed down -1.69 points or -0.68% at $245.52 with 6,82,612 shares getting traded on Thursday. Post opening the session at $246.67, the shares hit an intraday low of $244.68 and an intraday high of $248.442 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. Company shares were Reiterated by RBC Capital Mkts on Aug 29, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 270 from a previous price target of $225 .Company shares were Reiterated by Piper Jaffray on Aug 22, 2016 to “Overweight”, Firm has raised the Price Target to $ 290 from a previous price target of $250 .Ulta Salon Cosmetics & Fragrance was Resumed by Stifel to “Hold” on Jul 12, 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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