The HBK Investments L P Has $44,431,000 Stake in Ulta Salon, Cosmetics & Fragrance Inc. (ULTA)

The HBK Investments L P Has $44,431,000 Stake in Ulta Salon, Cosmetics & Fragrance Inc. (ULTA)

HBK Investments L P boosted its stake in Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) by 148.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,700 shares of the company’s stock after buying an additional 111,621 shares during the period. Ulta Salon, Cosmetics & Fragrance comprises approximately 0.4% of HBK Investments L P’s holdings, making the stock its 27th largest position. HBK Investments L P owned 0.30% of Ulta Salon, Cosmetics & Fragrance worth $44,431,000 at the end of the most recent reporting period.

A number of other institutional investors have 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 shares of Ulta Salon, Cosmetics & Fragrance during the second quarter worth $120,000. Advisory Services Network LLC bought a new stake in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter worth $122,000. Hanson McClain Inc. bought a new stake in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter worth $122,000. Cypress Capital Management LLC WY bought a new stake in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter worth $139,000. Finally, Van ECK Associates Corp raised its stake 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 period. 85.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) opened at 265.50 on Thursday. Ulta Salon, Cosmetics & Fragrance Inc. has a 1-year low of $146.77 and a 1-year high of $278.63. The stock has a 50 day moving average of $258.33 and a 200 day moving average of $252.15. The stock has a market cap of $16.52 billion, a PE ratio of 44.50 and a beta of 0.72.

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

A number of brokerages have recently weighed in on ULTA. Robert W. Baird set a $315.00 price objective on shares of Ulta Salon, Cosmetics & Fragrance and gave the company a “buy” rating in a report on Sunday, December 4th. Jefferies Group set a $255.00 price target on shares of Ulta Salon, Cosmetics & Fragrance and gave the company a “hold” rating in a report on Saturday, October 15th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating on shares of Ulta Salon, Cosmetics & Fragrance in a report on Tuesday, December 20th. Stifel Nicolaus upped their price target on shares of Ulta Salon, Cosmetics & Fragrance from $277.00 to $290.00 and gave the company a “hold” rating in a report on Friday, December 2nd. Finally, Telsey Advisory Group upped their price target on shares of Ulta Salon, Cosmetics & Fragrance from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, October 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently 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.

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