Toronto Dominion Bank Sells 17,032 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Toronto Dominion Bank reduced its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 33.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,805 shares of the specialty retailer's stock after selling 17,032 shares during the quarter. Toronto Dominion Bank owned 0.07% of Ulta Beauty worth $13,154,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in Ulta Beauty by 180,713.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer's stock valued at $481,952,000 after purchasing an additional 1,237,884 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in shares of Ulta Beauty during the third quarter worth $359,480,000. Holocene Advisors LP grew its holdings in shares of Ulta Beauty by 3,246.2% during the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer's stock worth $134,737,000 after purchasing an additional 335,914 shares during the last quarter. Atreides Management LP acquired a new stake in shares of Ulta Beauty in the third quarter valued at $73,069,000. Finally, Hsbc Holdings PLC raised its holdings in shares of Ulta Beauty by 87.3% in the second quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer's stock valued at $130,380,000 after buying an additional 157,497 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ULTA shares. Oppenheimer raised their price objective on shares of Ulta Beauty from $435.00 to $505.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. B. Riley boosted their price objective on shares of Ulta Beauty from $300.00 to $330.00 and gave the stock a "sell" rating in a research report on Friday, December 6th. Evercore ISI reduced their price objective on Ulta Beauty from $500.00 to $430.00 and set an "outperform" rating on the stock in a report on Monday, August 26th. UBS Group lifted their target price on Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Finally, BMO Capital Markets upped their price target on Ulta Beauty from $385.00 to $420.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $439.30.

Ulta Beauty Stock Up 0.0 %

Shares of NASDAQ:ULTA traded up $0.20 during midday trading on Friday, reaching $424.11. 655,619 shares of the company were exchanged, compared to its average volume of 1,194,688. The firm has a market cap of $19.67 billion, a PE ratio of 16.97, a P/E/G ratio of 2.38 and a beta of 1.32. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The stock has a fifty day simple moving average of $378.38 and a two-hundred day simple moving average of $378.10.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $5.07 EPS. As a group, analysts forecast that Ulta Beauty, Inc. will post 23.57 earnings per share for the current year.

About Ulta Beauty

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.