TD Asset Management Inc. Sells 85,421 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

TD Asset Management Inc. lowered its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 14.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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. owned 1.11% of Ulta Beauty worth $224,443,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its position in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. raised its holdings in Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in Ulta Beauty in the fourth quarter worth $43,000. Ameliora Wealth Management Ltd. purchased a new position in Ulta Beauty during the fourth quarter valued at $43,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Ulta Beauty during the 3rd quarter valued at $41,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Trading Down 2.9 %

ULTA stock traded down $10.87 during trading on Friday, reaching $359.47. The stock had a trading volume of 1,053,364 shares, compared to its average volume of 1,061,261. The firm has a market cap of $16.67 billion, a PE ratio of 14.38, a PEG ratio of 0.89 and a beta of 1.34. The stock's 50 day moving average is $373.67 and its two-hundred day moving average is $386.31. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $529.67.

Remove Ads

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping the consensus estimate of $7.13 by $1.33. The firm had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.08 EPS. On average, research analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ULTA shares. Barclays lowered their price target on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. JPMorgan Chase & Co. lowered their target price on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Telsey Advisory Group reissued an "outperform" rating and issued a $500.00 price target on shares of Ulta Beauty in a research report on Monday, March 10th. DA Davidson reduced their price objective on Ulta Beauty from $510.00 to $415.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Finally, Stifel Nicolaus cut their target price on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $427.13.

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.