Published On: Fri, Sep 16th, 2016

Investors Buy Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) on Weakness

Traders bought shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) on weakness during trading hours on Thursday. $94.39 million flowed into the stock on the tick-up and $80.62 million flowed out of the stock on the tick-down, for a money net flow of $13.77 million into the stock. Of all companies tracked, Ulta Salon, Cosmetics & Fragrance had the 6th highest net in-flow for the day. Ulta Salon, Cosmetics & Fragrance traded down ($4.28) for the day and closed at $232.99
A number of brokerages have recently weighed in on ULTA. Piper Jaffray Cos. reissued an “overweight” rating and issued a $290.00 price objective on shares of Ulta Salon, Cosmetics & Fragrance in a report on Wednesday, August 31st. RBC Capital Markets set a $270.00 price objective on Ulta Salon, Cosmetics & Fragrance and gave the company a “hold” rating in a report on Monday, August 29th. Royal Bank Of Canada raised their target price on Ulta Salon, Cosmetics & Fragrance from $225.00 to $270.00 and gave the stock a “sector perform” rating in a report on Monday, August 29th. Buckingham Research raised their target price on Ulta Salon, Cosmetics & Fragrance from $285.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, August 26th. Finally, Nomura raised their target price on Ulta Salon, Cosmetics & Fragrance from $244.00 to $287.00 and gave the stock a “buy” rating in a report on Friday, August 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $258.25.
The company has a 50-day moving average price of $257.09 and a 200 day moving average price of $226.15. The company has a market cap of $14.53 billion, a PE ratio of 41.01 and a beta of 0.59.

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Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 25th. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.03. The firm earned $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. Ulta Salon, Cosmetics & Fragrance had a return on equity of 26.05% and a net margin of 8.35%. The firm’s revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.15 EPS. Analysts forecast that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.23 EPS for the current year.
In other Ulta Salon, Cosmetics & Fragrance news, CEO Mary Dillon sold 51,885 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $245.73, for a total transaction of $12,749,701.05. Following the transaction, the chief executive officer now owns 76,089 shares in the company, valued at approximately $18,697,349.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles Heilbronn sold 925,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $229.56, for a total value of $212,343,000.00. Following the transaction, the director now owns 58,928 shares in the company, valued at approximately $13,527,511.68. The disclosure for this sale can be found here. Company insiders own 6.90% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in ULTA. HBK Sorce Advisory LLC boosted its position in Ulta Salon, Cosmetics & Fragrance by 0.6% in the second quarter. HBK Sorce Advisory LLC now owns 2,075 shares of the company’s stock valued at $506,000 after buying an additional 12 shares during the last quarter. Shelton Capital Management boosted its position in Ulta Salon, Cosmetics & Fragrance by 0.6% in the second quarter. Shelton Capital Management now owns 3,875 shares of the company’s stock valued at $944,000 after buying an additional 25 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Ulta Salon, Cosmetics & Fragrance by 1.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 1,537 shares of the company’s stock valued at $337,000 after buying an additional 25 shares during the last quarter. Brighton Jones LLC boosted its position in Ulta Salon, Cosmetics & Fragrance by 0.9% in the second quarter. Brighton Jones LLC now owns 3,549 shares of the company’s stock valued at $865,000 after buying an additional 30 shares during the last quarter. Finally, Concert Wealth Management Inc. boosted its position in Ulta Salon, Cosmetics & Fragrance by 2.5% in the second quarter. Concert Wealth Management Inc. now owns 1,285 shares of the company’s stock valued at $314,000 after buying an additional 31 shares during the last quarter. Institutional investors own 87.03% of the company’s stock.
Ulta Salon, Cosmetics & Fragrance Company Profile
Ulta Salon, Cosmetics & Fragrance, Inc is a beauty retailer. The Company operates specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services. The Company operates through three segments: retail stores, salon services and e-commerce. The Company also offers a full-service salon in every store featuring hair, skin and brow services.

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