Why Ulta Beauty Is a Still a 'Top Pick' Despite CEO Transition

Key TakeawaysUlta Beauty announced CEO Dave Kimbell's retirement Monday.JPMorgan analysts still call the company a "top pick," citing its improved fourth-quarter outlook.Ulta's Q4 comparable sales and operating margin update implies higher earnings per share (EPS) than Wall Street's consensus, the analysts said. Ulta Beauty (ULTA) announced Chief Executive Officer (CEO) Dave Kimbell's retirement after the bell Monday, but JPMorgan analysts don't see the transition as a negative for the company.  The analyst ...