The Adage Capital Partners GP L.L.C. Has $20,538,000 Stake in Ulta Salon, Cosmetics & Fragrance Inc. (ULTA)

The Adage Capital Partners GP L.L.C. Has $20,538,000 Stake in Ulta Salon, Cosmetics & Fragrance Inc. (ULTA)

Adage Capital Partners GP L.L.C. cut its position in Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) by 3.9% during the third quarter, Holdings Channel reports. The fund owned 86,300 shares of the company’s stock after selling 3,500 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.14% of Ulta Salon, Cosmetics & Fragrance worth $20,538,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Ulta Salon, Cosmetics & Fragrance during the second quarter worth $120,000. Advisory Services Network LLC acquired a new position in Ulta Salon, Cosmetics & Fragrance during the second quarter worth $122,000. Hanson McClain Inc. purchased a new position in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter worth approximately $122,000. Cypress Capital Management LLC WY purchased a new position in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter worth approximately $139,000. Finally, Van ECK Associates Corp boosted its position in shares of 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 during the last quarter. 85.45% of the stock is owned by institutional investors.

Shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) opened at 265.50 on Thursday. The firm has a market capitalization of $16.52 billion, a PE ratio of 44.50 and a beta of 0.72. Ulta Salon, Cosmetics & Fragrance Inc. has a 52 week low of $146.77 and a 52 week high of $278.63. The stock has a 50 day moving average price of $258.33 and a 200 day moving average price of $252.15.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 1st. The company reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.03. Ulta Salon, Cosmetics & Fragrance had a return on equity of 26.87% and a net margin of 8.31%. The firm earned $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $1.11 EPS. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. Equities analysts forecast that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.41 earnings per share for the current fiscal year.

A number of equities analysts have commented on ULTA shares. Cowen and Company reissued an “outperform” rating and set a $296.00 target price (up previously from $286.00) on shares of Ulta Salon, Cosmetics & Fragrance in a report on Sunday, December 4th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $300.00 target price on shares of Ulta Salon, Cosmetics & Fragrance in a report on Tuesday, October 4th. Morgan Stanley reissued an “equal weight” rating and set a $250.00 target price on shares of Ulta Salon, Cosmetics & Fragrance in a report on Wednesday, October 12th. Robert W. Baird set a $305.00 target price on Ulta Salon, Cosmetics & Fragrance and gave the company a “buy” rating in a report on Tuesday, October 11th. Finally, Stifel Nicolaus increased their target price on Ulta Salon, Cosmetics & Fragrance from $277.00 to $290.00 and gave the company a “hold” rating in a report on Friday, December 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has an average 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.

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