Royal London Cuts Ulta Beauty Stake as Earnings Beat Analysts’ Views
Royal London Asset Management reduced its Ulta Beauty holding by 36.3%, while State Street and Geode Capital increased their stakes. The retailer reported quarterly EPS of $6.55, topping the $6.22 consensus. Bank of America lowered its price target to $650 but kept a buy rating, and other investors reported stake changes via SEC filings.