TD Private Client Wealth LLC Sells 834 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

TD Private Client Wealth LLC trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 87.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117 shares of the specialty retailer’s stock after selling 834 shares during the quarter. TD Private Client Wealth LLC’s holdings in Ulta Beauty were worth $46,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC increased its stake in shares of Ulta Beauty by 180,713.0% during the third 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. Geode Capital Management LLC grew its stake in shares of Ulta Beauty by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock worth $461,059,000 after buying an additional 10,153 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in Ulta Beauty during the 3rd quarter valued at approximately $359,480,000. TD Asset Management Inc raised its stake in Ulta Beauty by 14.1% during the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock valued at $239,545,000 after buying an additional 76,721 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its holdings in Ulta Beauty by 5.4% in the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock worth $237,519,000 after acquiring an additional 31,540 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ULTA has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on Ulta Beauty from $300.00 to $350.00 and gave the stock an “underweight” rating in a research report on Friday, December 6th. Raymond James dropped their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Loop Capital raised their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday, December 9th. UBS Group upped their price objective on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Evercore ISI reduced their target price on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Ulta Beauty has a consensus rating of “Hold” and a consensus target price of $439.30.

Ulta Beauty Trading Up 0.2 %

ULTA opened at $424.79 on Tuesday. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The firm’s 50 day simple moving average is $379.48 and its two-hundred day simple moving average is $378.37. The company has a market capitalization of $19.70 billion, a PE ratio of 17.00, a PEG ratio of 2.38 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $5.07 EPS. Equities analysts forecast that Ulta Beauty, Inc. will post 23.57 earnings per share 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.