CIBC World Markets Inc. cut its position in Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) by 44.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 12,059 shares of the company’s stock after selling 9,558 shares during the period. CIBC World Markets Inc.’s holdings in Ulta Salon, Cosmetics & Fragrance were worth $2,870,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. A.R.T. Advisors LLC purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the first quarter worth about $519,000. Seven Eight Capital LLC purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the first quarter worth about $325,000. Boothbay Fund Management LLC purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the first quarter worth about $364,000. Swarthmore Group Inc. purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth about $10,093,000. Finally, Raymond James Trust N.A. increased its stake in Ulta Salon, Cosmetics & Fragrance by 5.6% in the second quarter. Raymond James Trust N.A. now owns 3,143 shares of the company’s stock worth $765,000 after buying an additional 166 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors.

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

Shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) traded down 0.77% on Monday, reaching $261.60. The company had a trading volume of 841,059 shares. The company has a 50 day moving average of $246.40 and a 200-day moving average of $244.81. Ulta Salon, Cosmetics & Fragrance Inc. has a 52 week low of $146.77 and a 52 week high of $278.63.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last posted its earnings results on Thursday, August 25th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.03. The company earned $1.07 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 earnings per share. On average, analysts expect that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.31 EPS for the current year.

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Several equities analysts have recently weighed in on ULTA shares. Cowen and Company boosted their target price on Ulta Salon, Cosmetics & Fragrance from $265.00 to $286.00 and gave the company an “outperform” rating in a research report on Friday, August 26th. Piper Jaffray Cos. boosted their target price on Ulta Salon, Cosmetics & Fragrance from $250.00 to $290.00 and gave the company an “overweight” rating in a research report on Monday, August 22nd. Jefferies Group set a $255.00 target price on Ulta Salon, Cosmetics & Fragrance and gave the company a “hold” rating in a research report on Saturday, October 15th. Buckingham Research boosted their target price on Ulta Salon, Cosmetics & Fragrance from $285.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, August 26th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $277.00 target price (up previously from $260.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Monday, October 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $265.50.

In other news, Director Catherine Ann Halligan sold 400 shares of Ulta Salon, Cosmetics & Fragrance stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $239.40, for a total value of $95,760.00. Following the completion of the sale, the director now directly owns 3,921 shares of the company’s stock, valued at $938,687.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles Heilbronn sold 925,000 shares of Ulta Salon, Cosmetics & Fragrance stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $229.56, for a total value of $212,343,000.00. Following the completion of the sale, the director now directly owns 58,928 shares of the company’s stock, valued at $13,527,511.68. The disclosure for this sale can be found here. 6.90% of the stock is owned by insiders.

About Ulta Salon, Cosmetics & Fragrance

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.

5 Day Chart for NASDAQ:ULTA

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