TD Asset Management Inc. Has $224.44 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

TD Asset Management Inc. trimmed its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 516,045 shares of the specialty retailer’s stock after selling 85,421 shares during the period. TD Asset Management Inc. owned about 1.11% of Ulta Beauty worth $224,443,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

ULTA has been the topic of a number of research analyst reports. Oppenheimer increased their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Barclays lowered their price target on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. Stifel Nicolaus cut their price objective on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a report on Friday, March 14th. Finally, TD Cowen raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $427.13.

Ulta Beauty Trading Up 1.3 %

Shares of NASDAQ:ULTA opened at $370.75 on Wednesday. The company has a 50-day moving average price of $376.15 and a 200-day moving average price of $386.59. The company has a market cap of $17.19 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $529.67.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the company posted $8.08 EPS. Ulta Beauty’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, research analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal 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.