TD Asset Management Inc. Trims Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

TD Asset Management Inc. reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 14.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 516,045 shares of the specialty retailer’s stock after selling 85,421 shares during the period. TD Asset Management Inc.’s holdings in Ulta Beauty were worth $224,443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ULTA. Pathstone Holdings LLC raised its position in shares of Ulta Beauty by 16.0% in the 3rd quarter. Pathstone Holdings LLC now owns 5,581 shares of the specialty retailer’s stock worth $2,172,000 after acquiring an additional 768 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Ulta Beauty by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 307,665 shares of the specialty retailer’s stock worth $119,719,000 after purchasing an additional 6,825 shares during the period. Cerity Partners LLC grew its stake in Ulta Beauty by 93.6% in the third quarter. Cerity Partners LLC now owns 6,856 shares of the specialty retailer’s stock worth $2,668,000 after purchasing an additional 3,315 shares during the period. Kingsview Wealth Management LLC lifted its position in Ulta Beauty by 2.0% during the third quarter. Kingsview Wealth Management LLC now owns 3,358 shares of the specialty retailer’s stock valued at $1,307,000 after buying an additional 66 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Ulta Beauty during the third quarter valued at $1,256,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ULTA shares. TD Cowen upped their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on shares of Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Stifel Nicolaus lowered their target price on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a report on Friday, March 14th. Citigroup cut their price target on Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, Canaccord Genuity Group lowered their price objective on Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $427.13.

Ulta Beauty Price Performance

ULTA stock opened at $370.75 on Wednesday. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $529.67. The company has a market cap of $17.19 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The stock’s fifty day moving average price is $376.15 and its 200-day moving average price is $386.59.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the firm posted $8.08 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.