Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA) Shares Soar After Company Releases Quarterly Results


Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) saw its stock soar this morning in early trading after the company’s quarterly report blew out expectations. For the quarter that ended on October 31, the company reported profits of $71.1 million which is $1.11 per share. This far surpassed last years profits of $59.1 million (91 cents per share) and beat their projected numbers of $1.00 – $1.05/share. In addition, net sales rose an incredible 22% year-over-year.

Ulta, a chain of beauty stores which were originally founded back in 1990, also raised their projected numbers for the year ending on January 30. They project a profit of $1.48 to $1.53 per share for this current quarter.

The stock is currently trading higher by 8.31% or $13.56 following the positive news, hitting $176.75 per share at the time of us publishing this article. About 33,079 shares traded hands. ULTA has risen 5.78% since May 1, 2015 and is uptrending. It has outperformed the S&P500 by 8.56%.

From a total of 15 analysts covering Ulta Salon Cosmetics & Fragrance Inc (NASDAQ:ULTA) stock, 8 rate it a “Buy”, 0 a “Sell”, and 7 a “Hold”. This means that 53% of the ratings are positive. The highest target price is $215.0 while the lowest target price is $155. The mean of all analyst targets is $183.67 which is 3.92% above today’s ($176.75) stock price. Ulta Salon Cosmetics & Fragrance Inc was the topic of 21 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on November 30 with a “Overweight” rating. Wells Fargo reinitiated ULTA stock in a recent report from October 22 with a “Market Perform” rating. Finally, William Blair maintained the stock with a “Buy” rating in a report they issued on an August 31.

The institutional sentiment decreased to 1.24 in Q2 2015. It’s down 0.14, from 1.38 in 2015Q1. The ratio fall, as 30 funds sold all their Ulta Salon, Cosmetics & Fragrance, Inc. shares they owned while 133 reduced their positions. 56 funds bought stakes while 146 increased their total positions. Institutions now own 54.77 million shares which is 0.25% more than the previous share count of 54.63 million in 2015Q1.

Arlington Capital Management Inc. holds 6.46% of its total portfolio in Ulta Salon, Cosmetics & Fragrance, Inc., equating to 61,837 shares. Fox Point Capital Management Llc owns 50,000 shares representing 4.97% of their total US portfolio. Moreover, Shellback Capital Lp has 4.51% of their total portfolio invested in the company, equating to 420,000 shares. The California-based Standard Pacific Capital Llc Ca has a total of 3.98% of their portfolio invested in the stock. Sib Llc, a New York-based fund reported 35,050 shares owned.

Since March 19, 2015, the stock had 0 insider buys, and 2 sales for a total of $3.54 million in net activity. Diromualdo Robert F sold 10,000 shares worth $1.60M. Nagler Lorna sold 12,500 shares worth $1.94M. Taake Janet sold 10,000 shares worth $1.50M. Guttman Robert S sold 6,020 shares worth $908,073.

Ulta Salon, Cosmetics & Fragrance, Inc. is a beauty retailer. The company has a market cap of $11.30 billion. The Firm provides salon products and salon services in the United States. It has 39.63 P/E ratio. It offers a combination of more than 20,000 prestige and mass beauty products.