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Royal London Cuts Ulta Beauty Stake as Earnings Beat Analysts’ Views

ULTA Beauty logoULTA Beauty
Sig1.20Sen+1.15Env0.00Soc0.00Gov0.00

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.

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