TD Asset Management Inc Sells 38,711 Shares of Ulta Beauty Inc. $ULTA

TD Asset Management Inc decreased its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 7.2% during the second quarter, Holdings Channel reports. The firm owned 497,458 shares of the specialty retailer’s stock after selling 38,711 shares during the quarter. TD Asset Management Inc’s holdings in Ulta Beauty were worth $232,721,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ULTA. Price T Rowe Associates Inc. MD lifted its position in Ulta Beauty by 128.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock valued at $449,021,000 after purchasing an additional 688,267 shares during the period. JPMorgan Chase & Co. lifted its position in Ulta Beauty by 81.7% during the first quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock valued at $334,871,000 after purchasing an additional 410,900 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Ulta Beauty by 64.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock valued at $341,453,000 after purchasing an additional 366,147 shares during the period. Pacer Advisors Inc. increased its holdings in Ulta Beauty by 5,117.0% during the first quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer’s stock valued at $80,753,000 after buying an additional 216,089 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in Ulta Beauty by 237.7% during the first quarter. AQR Capital Management LLC now owns 270,420 shares of the specialty retailer’s stock valued at $96,674,000 after buying an additional 190,353 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on ULTA shares. The Goldman Sachs Group upped their target price on shares of Ulta Beauty from $530.00 to $584.00 and gave the company a “buy” rating in a report on Friday, August 29th. Barclays upped their target price on shares of Ulta Beauty from $589.00 to $617.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Wells Fargo & Company upped their target price on shares of Ulta Beauty from $400.00 to $425.00 and gave the company an “underweight” rating in a report on Friday, August 29th. Wall Street Zen cut shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Jefferies Financial Group upped their target price on shares of Ulta Beauty from $425.00 to $550.00 and gave the company a “hold” rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Ulta Beauty has an average rating of “Moderate Buy” and an average target price of $549.33.

Insider Activity

In other news, Director Mike C. Smith sold 500 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the sale, the director directly owned 2,263 shares of the company’s stock, valued at $1,195,837.09. This represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.39% of the stock is currently owned by company insiders.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $542.93 on Tuesday. The firm has a fifty day moving average price of $528.78 and a 200-day moving average price of $466.50. The stock has a market cap of $24.34 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 3.02 and a beta of 1.08. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $572.23.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.03 by $0.75. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $5.30 earnings per share. On average, research analysts expect that Ulta Beauty Inc. will post 23.96 EPS 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.