First Merchants Corp continued to hold its stake in shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,899 shares of the company’s stock at the end of the second quarter. First Merchants Corp’s holdings in Ulta Salon, Cosmetics & Fragrance were worth $949,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in Ulta Salon, Cosmetics & Fragrance by 2,189.2% in the first quarter. Renaissance Technologies LLC now owns 148,800 shares of the company’s stock worth $28,829,000 after buying an additional 142,300 shares during the period. State Street Corp increased its stake in Ulta Salon, Cosmetics & Fragrance by 44.8% in the first quarter. State Street Corp now owns 1,759,655 shares of the company’s stock worth $340,907,000 after buying an additional 544,226 shares during the period. Oakbrook Investments LLC acquired a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth $877,000. Stifel Financial Corp increased its stake in Ulta Salon, Cosmetics & Fragrance by 7.4% in the fourth quarter. Stifel Financial Corp now owns 10,605 shares of the company’s stock worth $1,962,000 after buying an additional 732 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in Ulta Salon, Cosmetics & Fragrance by 25.5% in the first quarter. TIAA CREF Investment Management LLC now owns 452,365 shares of the company’s stock worth $87,641,000 after buying an additional 91,875 shares during the period. Institutional investors own 86.99% of the company’s stock.

Shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) traded up 2.80% on Wednesday, reaching $239.74. 1,162,459 shares of the company’s stock were exchanged. The firm has a market capitalization of $14.95 billion, a P/E ratio of 42.20 and a beta of 0.59. The firm has a 50 day moving average of $254.29 and a 200 day moving average of $228.51. Ulta Salon, Cosmetics & Fragrance Inc. has a one year low of $146.77 and a one year high of $278.63.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last announced its earnings results on Thursday, August 25th. The company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.03. The company earned $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. Ulta Salon, Cosmetics & Fragrance had a net margin of 8.35% and a return on equity of 26.05%. Ulta Salon, Cosmetics & Fragrance’s revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.15 earnings per share. On average, equities research analysts predict that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.23 EPS for the current year.

A number of research firms recently commented on ULTA. Cowen and Company lifted their price target on shares of Ulta Salon, Cosmetics & Fragrance from $265.00 to $286.00 and gave the stock an “outperform” rating in a research note on Friday, August 26th. KeyCorp lifted their price target on shares of Ulta Salon, Cosmetics & Fragrance from $220.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, May 27th. Piper Jaffray Cos. reaffirmed a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Sunday, May 29th. Telsey Advisory Group reaffirmed a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Sunday, May 29th. Finally, Buckingham Research lifted their price target on shares of Ulta Salon, Cosmetics & Fragrance from $285.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, August 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. Ulta Salon, Cosmetics & Fragrance currently has a consensus rating of “Buy” and a consensus target price of $260.97.

In other news, CEO Mary Dillon sold 51,885 shares of the firm’s stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $245.73, for a total value of $12,749,701.05. Following the completion of the transaction, the chief executive officer now owns 76,089 shares of the company’s stock, valued at $18,697,349.97. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert F. Diromualdo sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $252.51, for a total transaction of $5,050,200.00. Following the completion of the transaction, the director now directly owns 4,309 shares of the company’s stock, valued at approximately $1,088,065.59. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.

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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