Ulta Beauty Inc. $ULTA Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management cut its Ulta Beauty stake by 6.5% in the fourth quarter, selling 28,260 shares and leaving it with 404,237 shares valued at about $244.6 million.
• Ulta Beauty reported a strong fiscal Q1, beating expectations with EPS of $7.74 and revenue of $3.16 billion, while comparable sales rose 5.3% year over year.
• Despite the beat, the stock drew mixed reactions as some investors focused on the company’s only modestly raised outlook, even though Ulta boosted its FY2026 earnings guidance to $28.36-$28.80 per share and several analysts still maintained bullish ratings.

TD Asset Management Inc lessened its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 6.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 404,237 shares of the specialty retailer's stock after selling 28,260 shares during the quarter. TD Asset Management Inc owned approximately 0.91% of Ulta Beauty worth $244,567,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $430,963,000. Bowen Hanes & Co. Inc. purchased a new stake in shares of Ulta Beauty during the third quarter worth about $6,012,000. Intech Investment Management LLC grew its holdings in shares of Ulta Beauty by 135.6% during the third quarter. Intech Investment Management LLC now owns 6,506 shares of the specialty retailer's stock worth $3,557,000 after buying an additional 3,744 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Ulta Beauty by 979.1% during the third quarter. Allianz Asset Management GmbH now owns 74,201 shares of the specialty retailer's stock worth $40,569,000 after buying an additional 67,325 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. purchased a new stake in shares of Ulta Beauty during the third quarter worth about $1,008,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Ulta Beauty

Here are the key news stories impacting Ulta Beauty this week:

• Positive Sentiment: Ulta beat fiscal Q1 expectations on both earnings and revenue, with EPS of $7.74 and sales of $3.16 billion, while comparable sales rose 5.3% and revenue increased 11.1% year over year. Ulta Beauty Announces First Quarter Fiscal 2026 Results and Updates Fiscal 2026 Guidance
• Positive Sentiment: The company raised its FY2026 earnings outlook to $28.36-$28.80 per share and reiterated strong full-year revenue expectations, signaling continued profitability despite a tougher consumer backdrop. Ulta Beauty raises annual profit forecast on higher-priced product demand
• Positive Sentiment: Multiple firms lifted or reaffirmed bullish views, including Robert W. Baird at $700, Barclays at $647, and JPMorgan at $631, reflecting confidence in Ulta’s growth and margin profile. Ulta Beauty Given New $700.00 Price Target at Robert W. Baird
• Neutral Sentiment: Ulta announced a major Times Square flagship lease and a new Klarna partnership for flexible payments, both of which support brand visibility and e-commerce convenience but are unlikely to affect near-term earnings immediately. Klarna and Ulta Beauty Partner to Bring Flexible Payments to U.S. Beauty Shoppers
• Neutral Sentiment: Management’s comments emphasized broad-based growth, disciplined spending, and continued share repurchases, which are constructive but not enough to fully offset investor caution around the second half of the year. ULTA Q1 Earnings Call Highlights Share Gains, Discipline
• Negative Sentiment: Some investors appear to be selling after the earnings beat because guidance was only modestly improved relative to the strong quarter, with concerns about inventory growth, costs, and full-year upside. Ulta Beauty beats Q1 estimates, shares fall on muted full-year outlook
• Negative Sentiment: Several analysts still trimmed price targets, including JPMorgan, Barclays, and Baird, suggesting the market is reassessing valuation after the stock’s strong post-earnings move. Ulta Beauty Given New $631.00 Price Target at JPMorgan Chase & Co.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 452 shares of the business's stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $539.29, for a total transaction of $243,759.08. Following the completion of the sale, the director owned 2,383 shares of the company's stock, valued at approximately $1,285,128.07. The trade was a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.17% of the company's stock.

Ulta Beauty Price Performance

ULTA opened at $471.21 on Thursday. The stock has a market capitalization of $20.53 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.61 and a beta of 0.86. The business has a 50-day moving average of $523.41 and a two-hundred day moving average of $585.19. Ulta Beauty Inc. has a 12 month low of $452.00 and a 12 month high of $714.97.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, beating the consensus estimate of $6.89 by $0.85. Ulta Beauty had a return on equity of 43.71% and a net margin of 9.36%.The company had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.12 billion. During the same quarter in the previous year, the business earned $6.70 EPS. The firm's revenue was up 11.1% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Equities research analysts anticipate that Ulta Beauty Inc. will post 28.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ULTA. Piper Sandler lowered their price target on shares of Ulta Beauty from $725.00 to $600.00 and set an "overweight" rating for the company in a report on Wednesday. Jefferies Financial Group upgraded shares of Ulta Beauty from a "hold" rating to a "buy" rating and lifted their price target for the stock from $635.00 to $700.00 in a report on Monday, April 20th. B. Riley Financial lowered their price target on shares of Ulta Beauty from $600.00 to $500.00 and set a "neutral" rating for the company in a report on Wednesday. Morgan Stanley lowered their price target on shares of Ulta Beauty from $700.00 to $630.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Ulta Beauty in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $651.27.

About Ulta Beauty

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.

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