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

TD Asset Management Inc trimmed its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 13.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 432,497 shares of the specialty retailer’s stock after selling 64,961 shares during the quarter. TD Asset Management Inc owned approximately 0.96% of Ulta Beauty worth $236,468,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Swedbank AB lifted its position in Ulta Beauty by 6.7% during the third quarter. Swedbank AB now owns 581,506 shares of the specialty retailer’s stock worth $317,938,000 after purchasing an additional 36,456 shares during the period. Keybank National Association OH boosted its stake in shares of Ulta Beauty by 1.6% during the third quarter. Keybank National Association OH now owns 133,889 shares of the specialty retailer’s stock valued at $73,204,000 after purchasing an additional 2,121 shares in the last quarter. Rakuten Investment Management Inc. bought a new stake in Ulta Beauty during the 3rd quarter worth approximately $71,997,000. Assenagon Asset Management S.A. increased its holdings in Ulta Beauty by 90.1% in the third quarter. Assenagon Asset Management S.A. now owns 36,647 shares of the specialty retailer’s stock valued at $20,037,000 after purchasing an additional 17,365 shares during the period. Finally, Stance Capital LLC bought a new position in shares of Ulta Beauty during the second quarter worth about $3,809,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA 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 stock has a market capitalization of $30.45 billion, a P/E ratio of 26.32, a P/E/G ratio of 3.12 and a beta of 0.85. The company’s 50-day moving average is $653.31 and its 200 day moving average is $575.71.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays reaffirmed an “overweight” rating and set a $680.00 target price on shares of Ulta Beauty in a research note on Tuesday, January 6th. TD Cowen increased their price target on Ulta Beauty from $725.00 to $775.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Robert W. Baird set a $700.00 target price on Ulta Beauty in a research note on Wednesday, December 17th. Canaccord Genuity Group boosted their target price on shares of Ulta Beauty from $653.00 to $674.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft set a $732.00 price target on Ulta Beauty in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $626.84.

Ulta Beauty Profile

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.