Usa Financial Portformulas Corp adds Ulta Salon Cosmetics & Fragrance (ULTA) to its portfolio

Ulta Salon Cosmetics & Fragrance (ULTA) : Usa Financial Portformulas Corp added new position in Ulta Salon Cosmetics & Fragrance during the most recent quarter end. The investment management firm now holds 31,099 shares of Ulta Salon Cosmetics & Fragrance which is valued at $8,297,213 , the company said in a statement filed on Aug 15, 2016 with the SEC.Ulta Salon Cosmetics & Fragrance makes up approximately 2.22% of Usa Financial Portformulas Corp’s portfolio.

Other Hedge Funds, Including , Veritable added ULTA to its portfolio by purchasing 865 company shares during the most recent quarter which is valued at $230,782. Ulta Salon Cosmetics & Fragrance makes up approx 0.01% of Veritable’s portfolio. Winslow Capital Management sold out all of its stake in ULTA during the most recent quarter. The investment firm sold 1,545,032 shares of ULTA which is valued $412,214,538.Assetmark Inc reduced its stake in ULTA by selling 41 shares or 13.95% in the most recent quarter. The Hedge Fund company now holds 253 shares of ULTA which is valued at $67,285.Gilder Gagnon Howe Co reduced its stake in ULTA by selling 9,511 shares or 3.66% in the most recent quarter. The Hedge Fund company now holds 250,054 shares of ULTA which is valued at $64,741,481. Ulta Salon Cosmetics & Fragrance makes up approx 1.20% of Gilder Gagnon Howe Co’s portfolio.Skylands Capital reduced its stake in ULTA by selling 6,500 shares or 63.11% in the most recent quarter. The Hedge Fund company now holds 3,800 shares of ULTA which is valued at $979,374. Ulta Salon Cosmetics & Fragrance makes up approx 0.15% of Skylands Capital’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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