Taylor Wealth Management Partners Lowers stake in Ulta Salon Cosmetics & Fragrance (ULTA)

Ulta Salon Cosmetics & Fragrance (ULTA) : Taylor Wealth Management Partners reduced its stake in Ulta Salon Cosmetics & Fragrance by 1.65% during the most recent quarter end. The investment management company now holds a total of 68,490 shares of Ulta Salon Cosmetics & Fragrance which is valued at $13,976,069 after selling 1,150 shares in Ulta Salon Cosmetics & Fragrance , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Ulta Salon Cosmetics & Fragrance makes up approximately 6.64% of Taylor Wealth Management Partners’s portfolio.

Ulta Salon Cosmetics & Fragrance opened for trading at $203.93 and hit $207.05 on the upside on Monday, eventually ending the session at $206.91, with a gain of 1.40% or 2.85 points. The heightened volatility saw the trading volume jump to 11,12,765 shares. Company has a market cap of $12,956 M.

Other Hedge Funds, Including , Eagle Asset Management Inc reduced its stake in ULTA by selling 44,643 shares or 39.4% in the most recent quarter. The Hedge Fund company now holds 68,671 shares of ULTA which is valued at $13,878,409. Ulta Salon Cosmetics & Fragrance makes up approx 0.10% of Eagle Asset Management Inc’s portfolio.Rathbone Brothers Plc boosted its stake in ULTA in the latest quarter, The investment management firm added 3,354 additional shares and now holds a total of 5,954 shares of Ulta Salon Cosmetics & Fragrance which is valued at $1,203,303. Ulta Salon Cosmetics & Fragrance makes up approx 0.07% of Rathbone Brothers Plc’s portfolio.Proficio Capital Partners boosted its stake in ULTA in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 20 shares of Ulta Salon Cosmetics & Fragrance which is valued at $4,042.Foundry Partners reduced its stake in ULTA by selling 23,375 shares or 63.54% in the most recent quarter. The Hedge Fund company now holds 13,415 shares of ULTA which is valued at $2,711,172. Ulta Salon Cosmetics & Fragrance makes up approx 0.27% of Foundry Partners’s portfolio.

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. 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 .Company shares were Reiterated by Deutsche Bank on Mar 11, 2016 to “Hold”, Firm has raised the Price Target to $ 178 from a previous price target of $170 .Company shares were Reiterated by Wolfe Research on Mar 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 210 from a previous price target of $187 .

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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