TD Asset Management Inc Sells 64,961 Shares of Ulta Beauty Inc. $ULTA

TD Asset Management Inc decreased its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 13.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 432,497 shares of the specialty retailer’s stock after selling 64,961 shares during the quarter. TD Asset Management Inc’s holdings in Ulta Beauty were worth $236,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Focus Partners Wealth raised its stake in Ulta Beauty by 231.6% in the first quarter. Focus Partners Wealth now owns 3,744 shares of the specialty retailer’s stock worth $1,372,000 after buying an additional 2,615 shares in the last quarter. Intech Investment Management LLC grew its position in Ulta Beauty by 48.9% during the 1st quarter. Intech Investment Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $1,758,000 after purchasing an additional 1,574 shares during the period. Sivia Capital Partners LLC acquired a new stake in Ulta Beauty during the second quarter valued at $466,000. Wealthfront Advisers LLC raised its stake in shares of Ulta Beauty by 70.1% during the 2nd quarter. Wealthfront Advisers LLC now owns 4,466 shares of the specialty retailer’s stock worth $2,089,000 after buying an additional 1,841 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in Ulta Beauty by 2.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 7,861 shares of the specialty retailer’s stock worth $3,678,000 after buying an additional 215 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $686.44 on Wednesday. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $714.97. The firm has a market capitalization of $30.45 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 3.12 and a beta of 0.85. The stock has a fifty day moving average of $653.31 and a two-hundred day moving average of $575.71.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.61 by $0.53. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.70 billion. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the business earned $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. Equities research analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, January 21st. Oppenheimer raised their target price on shares of Ulta Beauty from $675.00 to $750.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Telsey Advisory Group reissued an “outperform” rating and set a $640.00 price target (up from $610.00) on shares of Ulta Beauty in a research note on Monday, December 1st. Robert W. Baird set a $700.00 price target on Ulta Beauty in a report on Wednesday, December 17th. Finally, TD Cowen lifted their price target on Ulta Beauty from $725.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $626.84.

About Ulta Beauty

Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.

The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.