Prudential Financial Inc. raised its stake in Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) by 162.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,214 shares of the company’s stock after buying an additional 66,905 shares during the period. Prudential Financial Inc. owned 0.17% of Ulta Salon, Cosmetics & Fragrance worth $26,365,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ULTA. Private Advisor Group LLC acquired a new position in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter valued at about $728,000. TLP Group LLC acquired a new position in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter valued at about $581,000. Dimensional Fund Advisors LP raised its position in shares of Ulta Salon, Cosmetics & Fragrance by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 196,589 shares of the company’s stock valued at $47,894,000 after buying an additional 21,622 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Ulta Salon, Cosmetics & Fragrance by 31.2% in the second quarter. Teacher Retirement System of Texas now owns 4,339 shares of the company’s stock valued at $1,057,000 after buying an additional 1,032 shares during the period. Finally, Financial Counselors Inc. purchased a new stake in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter valued at approximately $499,000. Institutional investors own 86.99% of the company’s stock.

Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) traded down 0.65% during midday trading on Friday, reaching $236.82. 88,995 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $253.71 and its 200 day moving average is $228.57. Ulta Salon, Cosmetics & Fragrance Inc. has a 52 week low of $146.77 and a 52 week high of $278.63. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of 41.69 and a beta of 0.59.

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

Several analysts recently commented on ULTA shares. RBC Capital Markets set a $270.00 price objective on shares of Ulta Salon, Cosmetics & Fragrance and gave the company a “hold” rating in a research report on Monday, August 29th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Sunday, May 29th. Piper Jaffray Cos. reissued an “overweight” rating and set a $250.00 price objective (up from $235.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Saturday, June 25th. Robert W. Baird reissued a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research report on Sunday, May 29th. Finally, Jefferies Group increased their price objective on shares of Ulta Salon, Cosmetics & Fragrance from $180.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, May 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $260.97.

In other news, Director Charles Heilbronn sold 925,000 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $229.56, for a total transaction of $212,343,000.00. Following the transaction, the director now owns 58,928 shares in the company, valued at $13,527,511.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert F. Diromualdo sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 4,309 shares in the company, 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 company 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.

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