Ulta Beauty Stock Rallies on C-Suite Shakeup, Upbeat Outlook

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 ...