Time to Buy Ulta Salon, Cosmetics & Fragrance, Inc. After Today’s Option Traders Bet?

 Time to Buy Ulta Salon, Cosmetics & Fragrance, Inc. After Today's Option Traders Bet?

In today’s session Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA) registered an unusually high (1,019) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious ULTA increase. With 1,019 contracts traded and 3114 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: ULTA170120C00280000 closed last at: $5.7 or 16.2% down. About 103,397 shares traded hands. Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) has risen 22.53% since April 27, 2016 and is uptrending. It has outperformed by 17.31% the S&P500.

Analysts await Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) to report earnings on December, 1 after the close. They expect $1.37 EPS, up 23.42% or $0.26 from last year’s $1.11 per share. ULTA’s profit will be $85.08 million for 47.28 P/E if the $1.37 EPS becomes a reality. After $1.43 actual EPS reported by Ulta Salon, Cosmetics & Fragrance, Inc. for the previous quarter, Wall Street now forecasts -4.20% negative EPS growth.

Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) Ratings Coverage

Out of 18 analysts covering Ulta Salon Cosmetics & Fragrance Inc (NASDAQ:ULTA), 9 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 50% are positive. $325 is the highest target while $155 is the lowest. The $262.27 average target is 1.22% above today’s ($259.1) stock price. Ulta Salon Cosmetics & Fragrance Inc has been the topic of 50 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) earned “Buy” rating by Buckingham Research on Friday, May 27. The firm has “Buy” rating by Nomura given on Friday, August 26. The stock of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) has “Outperform” rating given on Monday, August 24 by Telsey Advisory Group. The rating was initiated by Deutsche Bank with “Hold” on Monday, August 3. JP Morgan maintained it with “Overweight” rating and $245 target price in Friday, May 27 report. The rating was upgraded by Raymond James on Thursday, February 11 to “Strong Buy”. The stock of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) has “Hold” rating given on Tuesday, November 3 by Stifel Nicolaus. Deutsche Bank maintained it with “Hold” rating and $280 target price in Friday, August 26 report. The firm has “Buy” rating given on Friday, August 28 by Buckingham Research. The stock of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) has “Hold” rating given on Friday, December 4 by Deutsche Bank.

According to Zacks Investment Research, “ULTA is the largest beauty retailer that provides one-stop shopping for prestige, mass and salon products and salon services in the United States. ULTA provides affordable indulgence to its customers by combining the product breadth, value and convenience of a beauty superstore with the distinctive environment and experience of a specialty retailer. ULTA offers a unique combination of over twenty one thousand prestige and mass beauty products across the categories of cosmetics, fragrance, haircare, skincare, bath and body products and salon styling tools, as well as salon haircare products. ULTA also offers a full-service salon in all of its stores.”

Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.04, from 0.99 in 2016Q1. The ratio improved, as 48 funds sold all Ulta Salon, Cosmetics & Fragrance, Inc. shares owned while 178 reduced positions. 93 funds bought stakes while 131 increased positions. They now own 52.96 million shares or 7.47% less from 57.23 million shares in 2016Q1.
The Maryland-based Advsr Preferred Ltd Liability Com has invested 0.01% in Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA). Hanseatic Management Services, a New Mexico-based fund reported 13,198 shares. Cookson Peirce And Inc has 2.46% invested in the company for 67,945 shares. Moreover, Bokf Na has 0.08% invested in Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) for 9,249 shares. British Columbia Corp reported 44,734 shares or 0.1% of all its holdings. Lombard Odier Asset (Switzerland) Sa has 0.1% invested in the company for 3,050 shares. Chase Invest Counsel has 0.46% invested in the company for 4,241 shares. Tributary Capital Mgmt Limited Liability Com has 0.5% invested in the company for 13,950 shares. Citadel Advsr Ltd Liability Com owns 96,442 shares or 0.03% of their US portfolio. Fifth Third Bankshares last reported 0% of its portfolio in the stock. Adage Prtn Grp Inc Limited has invested 0.06% of its portfolio in Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA). The Illinois-based Banced Corporation has invested 0.4% in Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA). Fred Alger Mgmt reported 10,126 shares or 0.01% of all its holdings. Paloma Management Company holds 21,380 shares or 0.06% of its portfolio. Aviance Mgmt Ltd Limited Liability Company reported 1,722 shares or 0.01% of all its holdings.

Insider Transactions: Since June 3, 2016, the stock had 2 insider buys, and 5 selling transactions for $227.58 million net activity. Halligan Catherine Ann sold 400 shares worth $95,760. Settersten Scott M also sold $2.64M worth of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) shares. Shares for $592,725 were sold by DiRomualdo Robert F on Friday, June 3. The insider Dillon Mary sold $12.75 million. $212.34M worth of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) was sold by HEILBRONN CHARLES on Wednesday, September 14. 11,000 Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) shares with value of $2.58M were bought by Eck Dennis K.

Ulta Salon, Cosmetics & Fragrance, Inc. is a beauty retailer. The company has a market cap of $16.09 billion. The Firm operates specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services. It has a 45.63 P/E ratio. The Firm operates through three divisions: retail stores, salon services and e-commerce.

ULTA Company Profile

Ulta Salon, Cosmetics & Fragrance, Inc., incorporated on January 9, 1990, is a beauty retailer. The Firm operates specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services. The Firm operates through three divisions: retail stores, salon services and e-commerce. The Firm also offers a full-service salon in every store featuring hair, skin and brow services. The Firm offers approximately 20,000 products from over 500 beauty brands across all categories and price points, including its own private label, the Ulta Beauty Collection. The Firm operates over 870 stores in approximately 50 states.

More notable recent Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) news were published by: Forbes.com which released: “Ulta Salon Cosmetics & Fragrance is Now Oversold (ULTA)” on August 31, 2016, also Forbes.com with their article: “Noteworthy Monday Option Activity: ULTA, WDC, AAPL” published on November 28, 2016, Investorplace.com published: “Why CSX Corporation (CSX), Ocular Therapeutix Inc (OCUL), and Ulta Salon …” on October 13, 2016. More interesting news about Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) were released by: Fool.com and their article: “Ulta Salon, Cosmetics & Fragrance Inc. Beats Expectations and Raises Its Outlook” published on August 26, 2016 as well as Fool.com‘s news article titled: “Ulta Salon, Cosmetics & Fragrance Inc. Posts Record Sales Growth” with publication date: May 27, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment