Key Takeaways - Ulta Beauty announced CEO Dave Kimbell's retirement, but JPMorgan analysts do not view the transition as negative for the company [1] - JPMorgan reiterated Ulta Beauty as a "top pick" with a $480 price target, while the stock was trading at $431.43, after surging 6.7% earlier in the session [1] Financial Performance and Outlook - Ulta Beauty raised its fiscal Q4 comparable sales and operating margin outlook to clarify that the CEO change was unrelated to Q4 performance [2] - A 1% increase in comparable sales and an operating margin slightly above the previously projected range imply Q4 EPS of $7.21, higher than Wall Street's consensus of $6.76 [3] Leadership Transition - CEO Dave Kimbell has been succeeded by COO Kecia Steelman [2]

Ulta Beauty, Inc. (ULTA) , the leading beauty retailer, has raised its fourth-quarter fiscal 2024 guidance, reflecting stronger-than-anticipated performance during the holiday season. The company has also announced a leadership change.In a major leadership transition, Dave Kimbell, who has served as chief executive officer (CEO) for 11 years, will retire and step down from the board. Kecia Steelman, the company’s president and chief operating officer, will succeed Dave Kimbell as president and CEO starting ...

Ulta Beauty Inc (NASDAQ:ULTA) stock was last seen up 4.5% to trade at $450.70, after the cosmetics retailer revealed COO Kecia Steelman will succeed CEO Dave Kimbell, who retired on Monday after 11 years with the company. Additionally, Ulta lifted its fourth-quarter operating margin outlook. ULTA carries a 7.5% year-over-year deficit, but added 23.3% over the past three months. Shares are trading at their highest level since April as they bounce off their 20-day moving average and break through pressure at ...

Leadership Transition - Ulta Beauty CEO Dave Kimbell is retiring after 11 years, effective immediately [1][4] - Kimbell will remain as an advisor through June 28 [1] - Chief Operating Officer Kecia Steelman will succeed Kimbell as CEO [1][4] Strategic Direction - Steelman played a key role in developing Ulta's refreshed strategic framework [2] - Ulta's strategic roadmap includes opening 200 net new stores by 2028 [2] - The company aims to increase loyalty program membership to 50 million members by 2028 [2] Financial Performance - Ulta raised its fourth-quarter outlook, expecting comparable sales to increase modestly [3] - Operating margin is projected to exceed the high end of the previously estimated range of 11.6% to 12.4% [3][4] - Fourth-quarter results will be reported on March 13 [3] Market Reaction - Ulta's shares rose approximately 2% in extended trading following the announcements [3]

People walk past an Ulta Beauty store in the Manhattan borough of New York City on March 8, 2022.Ulta Beauty CEO Dave Kimbell is retiring and will be replaced by the retailer's Chief Operating Officer Kecia Steelman, the company announced Monday.Ulta said in a news release that the leadership changes take effect on Monday. Steelman will also replace Kimbell on the company's board of directors. In a news release, Ulta said Kimbell will serve as an advisor to the company through June 28.Along with announcing ...

Ulta Beauty (ULTA -0.91%) investors have some good reasons to feel disappointed right now. Their stock was left out of the 2024 rally, declining 13% through mid-December while the broader S&P 500 jumped 24%. Its slumping valuation even attracted attention from Warren Buffett's Berkshire Hathaway, yet the famed investor went on to sell almost all of that new position by the following quarter.It's possible Buffett and his investing partners soured on the economics of this spa and beauty products business, whi ...

As 2024 comes to a close with abrupt and choppy trading in the last week, investors should be focused on finding value names to round out our portfolios for 2025. After a sharp ~25% run-up in 2024 powered by large-cap growth stocks, inWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contrib ...

Recently, I read this article on Seeking Alpha, where UBS outlined its high conviction stock list for 2025. After reading the article I put the 25 stocks on the list through my technical methodology of analyzing price action, momentum, volume, and relative strength to seeAs an individual investor nearing retirement I am trying to build my financial assets in order to have a fulfilling retirement. I am interested in trading both long and short; or at least using inverse ETFs, to take advantage of market decl ...

Ulta Beauty, Inc. (NASDAQ:ULTA) Raymond James 2024 TMT & Consumer Conference December 11, 2024 10:40 AM ET Company Participants Dave Kimbell - CEO Paula Oyibo - CFO Conference Call Participants Olivia Tong - Raymond James Olivia Tong Okay. Well, thank you, everybody, for joining us at Raymond James' Consumer & TMT Conference. I'm Olivia Tong. I had the coverage of Beauty and HPC, and we're so excited to have Ulta with us today. Thank you for joining us. Dave, Paula, really appreciate it. We have Dave Kimbel ...

Ulta Beauty, Inc. (NASDAQ:ULTA) Raymond James 2024 TMT & Consumer Conference December 11, 2024 10:40 AM ET Company Participants Dave Kimbell - CEO Paula Oyibo - CFO Conference Call Participants Olivia Tong - Raymond James Olivia Tong Okay. Well, thank you, everybody, for joining us at Raymond James' Consumer & TMT Conference. I'm Olivia Tong. I had the coverage of Beauty and HPC, and we're so excited to have Ulta with us today. Thank you for joining us. Dave, Paula, really appreciate it. We have Dave Kimbel ...