Toronto Dominion Bank Raises Position in Ulta Beauty Inc (ULTA)

Toronto Dominion Bank boosted its holdings in Ulta Beauty Inc (NASDAQ:ULTA) by 13.3% during the first quarter, Holdings Channel reports. The fund owned 43,367 shares of the specialty retailer’s stock after acquiring an additional 5,084 shares during the period. Toronto Dominion Bank’s holdings in Ulta Beauty were worth $15,120,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Shine Investment Advisory Services Inc. lifted its position in shares of Ulta Beauty by 85.0% during the first quarter. Shine Investment Advisory Services Inc. now owns 74 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 34 shares in the last quarter. Securian Asset Management Inc lifted its stake in shares of Ulta Beauty by 0.6% in the fourth quarter. Securian Asset Management Inc now owns 5,971 shares of the specialty retailer’s stock worth $1,462,000 after buying an additional 37 shares in the last quarter. Legacy Bridge LLC lifted its stake in shares of Ulta Beauty by 6.2% in the first quarter. Legacy Bridge LLC now owns 860 shares of the specialty retailer’s stock worth $300,000 after buying an additional 50 shares in the last quarter. Sigma Investment Counselors Inc. lifted its stake in shares of Ulta Beauty by 0.5% in the fourth quarter. Sigma Investment Counselors Inc. now owns 10,626 shares of the specialty retailer’s stock worth $2,602,000 after buying an additional 52 shares in the last quarter. Finally, Bremer Trust National Association raised its stake in Ulta Beauty by 5.8% during the fourth quarter. Bremer Trust National Association now owns 1,033 shares of the specialty retailer’s stock worth $252,000 after purchasing an additional 57 shares during the period. 92.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ULTA stock traded up $5.64 during trading on Friday, reaching $348.88. The company’s stock had a trading volume of 8,042 shares, compared to its average volume of 635,496. The stock has a market capitalization of $20.02 billion, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 1.45 and a beta of 0.99. Ulta Beauty Inc has a 1-year low of $224.43 and a 1-year high of $359.69.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.56 by $0.05. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Ulta Beauty had a net margin of 9.80% and a return on equity of 36.09%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.75 earnings per share. Equities analysts forecast that Ulta Beauty Inc will post 12.79 earnings per share for the current fiscal year.

In other Ulta Beauty news, insider David C. Kimbell sold 15,452 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $333.50, for a total transaction of $5,153,242.00. Following the completion of the transaction, the insider now owns 13,716 shares in the company, valued at approximately $4,574,286. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis K. Eck sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $352.83, for a total transaction of $3,528,300.00. Following the transaction, the director now owns 220,000 shares of the company’s stock, valued at approximately $77,622,600. The disclosure for this sale can be found here. Insiders have sold a total of 426,250 shares of company stock valued at $143,394,373 in the last quarter. 5.60% of the stock is currently owned by company insiders.

ULTA has been the topic of a number of analyst reports. BidaskClub raised shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 10th. Wells Fargo & Co lifted their target price on shares of Ulta Beauty from $280.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Loop Capital lifted their target price on shares of Ulta Beauty to $340.00 and gave the stock a “hold” rating in a research note on Monday, March 18th. They noted that the move was a valuation call. Nomura reiterated a “neutral” rating and set a $311.00 price target (up from $305.00) on shares of Ulta Beauty in a research report on Tuesday, February 19th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Tuesday, January 22nd. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $343.48.

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About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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