Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank lessened its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 33.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,805 shares of the specialty retailer’s stock after selling 17,032 shares during the quarter. Toronto Dominion Bank’s holdings in Ulta Beauty were worth $13,154,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ULTA. UMB Bank n.a. boosted its holdings in shares of Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 30 shares during the period. Innealta Capital LLC bought a new position in Ulta Beauty in the second quarter worth about $32,000. Paladin Wealth LLC acquired a new position in Ulta Beauty in the third quarter valued at approximately $32,000. Oakworth Capital Inc. bought a new position in shares of Ulta Beauty during the second quarter valued at approximately $36,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Ulta Beauty during the 3rd quarter worth approximately $41,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of recent research reports. Raymond James lowered their price objective on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. JPMorgan Chase & Co. upped their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Evercore ISI cut their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th. Piper Sandler upped their target price on shares of Ulta Beauty from $357.00 to $360.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Stifel Nicolaus lifted their price target on Ulta Beauty from $395.00 to $455.00 and gave the company a “hold” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $439.30.

Ulta Beauty Trading Up 0.0 %

Shares of NASDAQ ULTA opened at $424.11 on Friday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The firm has a 50-day moving average of $378.38 and a two-hundred day moving average of $378.12. The company has a market capitalization of $19.67 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 2.42 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $5.07 earnings per share. As a group, research analysts predict that Ulta Beauty, Inc. will post 23.57 earnings per share 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.