Zacks Investment Management increased its position in shares of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) by 9.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,187 shares of the company’s stock after buying an additional 516 shares during the period. Zacks Investment Management’s holdings in Ulta Salon, Cosmetics & Fragrance were worth $1,472,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ULTA. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth approximately $120,000. Advisory Services Network LLC bought a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth approximately $122,000. Hanson McClain Inc. bought a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth approximately $122,000. Cypress Capital Management LLC WY bought a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter worth approximately $139,000. Finally, Van ECK Associates Corp increased its stake in Ulta Salon, Cosmetics & Fragrance by 32.9% in the second quarter. Van ECK Associates Corp now owns 610 shares of the company’s stock worth $149,000 after buying an additional 151 shares in the last quarter. Institutional investors and hedge funds own 85.59% 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 up 0.17% during trading on Friday, hitting $261.40. The stock had a trading volume of 409,688 shares. Ulta Salon, Cosmetics & Fragrance, Inc. has a 52 week low of $146.77 and a 52 week high of $278.63. The company’s 50 day moving average price is $257.45 and its 200 day moving average price is $250.84. The company has a market capitalization of $16.27 billion, a price-to-earnings ratio of 43.81 and a beta of 0.72.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 1st. The company reported $1.40 EPS for the quarter, topping 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 return on equity of 26.87% and a net margin of 8.31%. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 EPS. Analysts predict that Ulta Salon, Cosmetics & Fragrance, Inc. will post $6.41 earnings per share for the current year.

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ULTA has been the subject of a number of recent analyst reports. Robert W. Baird set a $305.00 price objective on Ulta Salon, Cosmetics & Fragrance and gave the company a “buy” rating in a report on Tuesday, October 11th. Zacks Investment Research upgraded Ulta Salon, Cosmetics & Fragrance from a “hold” rating to a “buy” rating and set a $262.00 price objective for the company in a report on Saturday, September 17th. Morgan Stanley reiterated an “equal weight” rating and issued a $250.00 price objective on shares of Ulta Salon, Cosmetics & Fragrance in a report on Wednesday, October 12th. Stifel Nicolaus restated a “hold” rating and issued a $277.00 price target (up from $260.00) on shares of Ulta Salon, Cosmetics & Fragrance in a report on Monday, October 10th. Finally, Jefferies Group increased their price target on Ulta Salon, Cosmetics & Fragrance from $255.00 to $270.00 and gave the stock a “hold” rating in a report on Friday, December 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $269.38.

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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