Algert Global buys $2,569,181 stake in Ulta Salon Cosmetics & Fragrance (ULTA)

Ulta Salon Cosmetics & Fragrance (ULTA) : Algert Global scooped up 2,244 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 Oct 12, 2016. The investment management firm now holds a total of 10,856 shares of Ulta Salon Cosmetics & Fragrance which is valued at $2,569,181.Ulta Salon Cosmetics & Fragrance makes up approximately 0.75% of Algert Global’s portfolio.

Other Hedge Funds, Including , British Columbia Investment Management Corp reduced its stake in ULTA by selling 3,199 shares or 7.15% in the most recent quarter. The Hedge Fund company now holds 41,535 shares of ULTA which is valued at $9,829,673. Ulta Salon Cosmetics & Fragrance makes up approx 0.10% of British Columbia Investment Management Corp’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in ULTA in the latest quarter, The investment management firm added 9,794 additional shares and now holds a total of 22,894 shares of Ulta Salon Cosmetics & Fragrance which is valued at $5,502,802. Ulta Salon Cosmetics & Fragrance makes up approx 0.12% of Oregon Public Employees Retirement Fund’s portfolio.Cupps Capital Management reduced its stake in ULTA by selling 10,647 shares or 68.48% in the most recent quarter. The Hedge Fund company now holds 4,901 shares of ULTA which is valued at $1,178,004. Ulta Salon Cosmetics & Fragrance makes up approx 0.51% of Cupps Capital Management’s portfolio.Harbour Capital Advisors reduced its stake in ULTA by selling 140 shares or 8.05% in the most recent quarter. The Hedge Fund company now holds 1,600 shares of ULTA which is valued at $376,960. Ulta Salon Cosmetics & Fragrance makes up approx 0.20% of Harbour Capital Advisors’s portfolio.

Ulta Salon Cosmetics & Fragrance closed down -3.7 points or -1.54% at $236.66 with 6,09,575 shares getting traded on Tuesday. Post opening the session at $240.21, the shares hit an intraday low of $235.59 and an intraday high of $240.5836 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 Stifel on Oct 10, 2016 to “Hold”, Firm has raised the Price Target to $ 277 from a previous price target of $260 .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 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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