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

Toronto Dominion Bank reduced its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 25.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,252 shares of the specialty retailer's stock after selling 8,553 shares during the period. Toronto Dominion Bank owned approximately 0.05% of Ulta Beauty worth $10,983,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Shellback Capital LP purchased a new position in shares of Ulta Beauty during the 4th quarter worth approximately $9,568,000. Siemens Fonds Invest GmbH grew its holdings in Ulta Beauty by 1,015.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 11,851 shares of the specialty retailer's stock worth $5,154,000 after acquiring an additional 10,789 shares during the period. Royal Bank of Canada raised its position in Ulta Beauty by 7.5% in the fourth quarter. Royal Bank of Canada now owns 139,395 shares of the specialty retailer's stock worth $60,627,000 after acquiring an additional 9,711 shares in the last quarter. Rafferty Asset Management LLC raised its position in Ulta Beauty by 5.5% in the fourth quarter. Rafferty Asset Management LLC now owns 5,342 shares of the specialty retailer's stock worth $2,323,000 after acquiring an additional 280 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new stake in Ulta Beauty in the fourth quarter valued at $13,222,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ULTA. Argus downgraded shares of Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. BMO Capital Markets lowered their target price on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a research report on Friday, March 14th. B. Riley dropped their target price on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a report on Friday, March 14th. JPMorgan Chase & Co. boosted their price target on Ulta Beauty from $475.00 to $477.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Piper Sandler restated a "neutral" rating on shares of Ulta Beauty in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $424.78.

Insiders Place Their Bets

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now owns 7,632 shares of the company's stock, valued at $2,817,429.12. This represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.17% of the stock is owned by corporate insiders.

Ulta Beauty Stock Performance

ULTA stock traded down $3.35 during trading on Monday, hitting $407.04. The stock had a trading volume of 569,117 shares, compared to its average volume of 1,050,668. The stock has a market cap of $18.38 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. The company's 50 day moving average price is $377.41 and its two-hundred day moving average price is $386.48. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $460.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts' consensus estimates of $7.13 by $1.33. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.08 earnings per share. As a group, sell-side analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Ulta Beauty Profile

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.