Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA) Position Reduced by LPL Financial LLC

LPL Financial LLC cut its stake in shares of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) by 8.5% during the third quarter, Holdings Channel reports. The institutional investor owned 9,224 shares of the company’s stock after selling 856 shares during the period. LPL Financial LLC’s holdings in Ulta Salon, Cosmetics & Fragrance were worth $2,200,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan raised its position in shares of Ulta Salon, Cosmetics & Fragrance by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 1,970 shares of the company’s stock worth $469,000 after buying an additional 10 shares during the period. Checchi Capital Advisers LLC raised its position in Ulta Salon, Cosmetics & Fragrance by 1.7% in the third quarter. Checchi Capital Advisers LLC now owns 996 shares of the company’s stock worth $237,000 after buying an additional 17 shares during the period. Shelton Capital Management raised 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 worth $944,000 after buying an additional 25 shares during the period. Westpac Banking Corp raised its position in Ulta Salon, Cosmetics & Fragrance by 0.8% in the third quarter. Westpac Banking Corp now owns 3,547 shares of the company’s stock worth $844,000 after buying an additional 28 shares during the period. Finally, Concert Wealth Management Inc. increased its stake 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 worth $314,000 after buying an additional 31 shares during the period. Institutional investors own 86.61% of the company’s stock.

Institutional Ownership by Quarter for Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA)

Shares of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) traded down 1.11% during mid-day trading on Friday, reaching $269.84. The company’s stock had a trading volume of 671,380 shares. The firm has a market cap of $16.79 billion, a price-to-earnings ratio of 45.23 and a beta of 0.65. Ulta Salon, Cosmetics & Fragrance, Inc. has a 12 month low of $146.77 and a 12 month high of $278.63. The company’s 50-day moving average is $265.58 and its 200 day moving average is $254.28.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 1st. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The firm earned $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Ulta Salon, Cosmetics & Fragrance had a net margin of 8.31% and a return on equity of 26.87%. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.11 EPS. On average, equities analysts anticipate that Ulta Salon, Cosmetics & Fragrance, Inc. will post $6.41 EPS for the current year.

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A number of research firms have commented on ULTA. Loop Capital began coverage on Ulta Salon, Cosmetics & Fragrance in a report on Wednesday. They issued a “hold” rating and a $285.00 target price for the company. Zacks Investment Research downgraded Ulta Salon, Cosmetics & Fragrance from a “buy” rating to a “hold” rating in a research note on Thursday, February 2nd. Jefferies Group LLC set a $255.00 price target on Ulta Salon, Cosmetics & Fragrance and gave the stock a “hold” rating in a research note on Saturday, October 15th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Tuesday, December 20th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $280.00 price target on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Friday, December 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. Ulta Salon, Cosmetics & Fragrance currently has an average rating of “Hold” and an average price target of $274.23.

About Ulta Salon, Cosmetics & Fragrance

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.

5 Day Chart for NASDAQ:ULTA

Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA).

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