TD Asset Management Inc Lowers Stake in Ulta Beauty Inc. $ULTA

TD Asset Management Inc trimmed its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 6.5% in the fourth quarter, Holdings Channel reports. The firm owned 404,237 shares of the specialty retailer’s stock after selling 28,260 shares during the period. TD Asset Management Inc’s holdings in Ulta Beauty were worth $244,567,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Optimize Financial Inc boosted its position in Ulta Beauty by 1.4% during the 4th quarter. Optimize Financial Inc now owns 1,176 shares of the specialty retailer’s stock worth $711,000 after purchasing an additional 16 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Ulta Beauty by 6.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the specialty retailer’s stock worth $160,000 after purchasing an additional 17 shares during the period. Sound Income Strategies LLC boosted its position in Ulta Beauty by 13.1% during the 4th quarter. Sound Income Strategies LLC now owns 147 shares of the specialty retailer’s stock worth $98,000 after purchasing an additional 17 shares during the period. Legacy Advisors LLC boosted its position in Ulta Beauty by 1.2% during the 4th quarter. Legacy Advisors LLC now owns 1,543 shares of the specialty retailer’s stock worth $934,000 after purchasing an additional 18 shares during the period. Finally, State of Wyoming boosted its position in Ulta Beauty by 10.5% during the 3rd quarter. State of Wyoming now owns 211 shares of the specialty retailer’s stock worth $115,000 after purchasing an additional 20 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $471.21 on Thursday. The stock has a 50-day simple moving average of $523.41 and a 200 day simple moving average of $585.19. Ulta Beauty Inc. has a one year low of $452.00 and a one year high of $714.97. The company 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.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter last year, the business posted $6.70 EPS. Ulta Beauty’s quarterly revenue was up 11.1% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, equities research analysts forecast that Ulta Beauty Inc. will post 28.49 EPS for the current fiscal year.

Ulta Beauty News Summary

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 Activity at Ulta Beauty

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 452 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $539.29, for a total value of $243,759.08. Following the transaction, the director owned 2,383 shares of the company’s stock, valued at $1,285,128.07. This trade represents a 15.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ULTA shares. Robert W. Baird decreased their price target on shares of Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating for the company in a research report on Wednesday. Bank of America raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 price target for the company in a research report on Tuesday, May 5th. Telsey Advisory Group upped their target price on shares of Ulta Beauty from $640.00 to $715.00 and gave the company an “outperform” rating in a research note on Monday, March 9th. William Blair restated a “market perform” rating on shares of Ulta Beauty in a research note on Monday, March 9th. Finally, Zacks Research downgraded shares of Ulta Beauty from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $651.27.

Ulta Beauty Profile

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.