Shares of Ulta Beauty (NASDAQ: ULTA) were climbing higher last month after the beauty superstore chain posted better-than-expected results in its third-quarter earnings report, showing improvement on the bottom line,

CEO Dave Kimbell is stepping down effective immediately, Ulta said Monday, and will stay on as an advisor through June 28.

Insights from analysts' 12-month price targets are revealed, presenting an average target of $442.68, a high estimate of $538.00, and a low estimate of $330.00. Surpassing the previous average price target of $415.05, the current average has increased by 6.66%.

This leadership change follows the retirement of Dave Kimbell, who has been with Ulta Beauty for eleven years.

Ulta Beauty announced CEO Dave Kimbell's retirement Monday, but JPMorgan analysts don't see the transition as a negative for the cosmetics retailer.

Kecia Steelman named President and Chief Executive Officer of Ulta Beauty. (Photo: Business Wire)

Shares of Ulta Beauty Inc. ULTA slipped 3.07% to $415.14 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.16% to 5,918.25 and the Dow Jones Industrial Average DJIA rising 0.

Ulta Beauty CEO Dave Kimbell is stepping down, the company said Monday, as the cosmetics retailer looks to reignite sales momentum in the slumping beauty category. The stock was rising.Kecia Steelman,

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