Lone Pine Capital Lowers stake in Ulta Salon Cosmetics & Fragrance (ULTA)

Ulta Salon Cosmetics & Fragrance (ULTA) : Lone Pine Capital reduced its stake in Ulta Salon Cosmetics & Fragrance by 11.47% during the most recent quarter end. The investment management company now holds a total of 2,950,670 shares of Ulta Salon Cosmetics & Fragrance which is valued at $709,370,575 after selling 382,216 shares in Ulta Salon Cosmetics & Fragrance , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Ulta Salon Cosmetics & Fragrance makes up approximately 3.39% of Lone Pine Capital’s portfolio.

Other Hedge Funds, Including , Pacad Investment Ltd. added ULTA to its portfolio by purchasing 6,600 company shares during the most recent quarter which is valued at $1,586,706. Ulta Salon Cosmetics & Fragrance makes up approx 0.20% of Pacad Investment Ltd.’s portfolio.O’shaughnessy Asset Management boosted its stake in ULTA in the latest quarter, The investment management firm added 16,222 additional shares and now holds a total of 17,398 shares of Ulta Salon Cosmetics & Fragrance which is valued at $4,116,541. Ulta Salon Cosmetics & Fragrance makes up approx 0.09% of O’shaughnessy Asset Management’s portfolio. Strategy Asset Managers added ULTA to its portfolio by purchasing 10,295 company shares during the most recent quarter which is valued at $2,472,653. Ulta Salon Cosmetics & Fragrance makes up approx 0.57% of Strategy Asset Managers’s portfolio.State Of Wisconsin Investment Board reduced its stake in ULTA by selling 1,400 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 86,489 shares of ULTA which is valued at $20,772,928. Ulta Salon Cosmetics & Fragrance makes up approx 0.08% of State Of Wisconsin Investment Board’s portfolio.

Ulta Salon Cosmetics & Fragrance closed down -1.04 points or -0.41% at $250.09 with 4,68,809 shares getting traded on Monday. Post opening the session at $251.05, the shares hit an intraday low of $248.4632 and an intraday high of $252.65 and the price fluctuated in this range throughout the day.Shares ended Monday 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 Telsey Advisory Group on Oct 14, 2016 to “Outperform”, Firm has raised the Price Target to $ 310 from a previous price target of $300 .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 .

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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