Shares of Ulta Beauty (ULTA -3.07%) 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, and that the worst of its market-share losses seemed to be behind it.
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.
Ulta Beauty (ULTA) CEO Dave Kimbell is retiring after 11 years at the company, effective Monday, the cosmetics retailer said after the closing bell.
Ulta said Kecia Steelman, who became its chief operating officer in 2023, would be its new chief executive.
Ulta Beauty CEO Dave Kimbell is retiring and will be replaced by Kecia Steelman, the company's chief operating officer. Ulta also hiked its fourth-quarter guidance.
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%.
I'm reiterating my buy rating on Ulta and boosting my price target to $490, based on 21x FY26 P/E. The company recently posted stronger-than-expected Q3 results, which featured comparable sales trends returning to positive growth. Ulta has found success in moving upmarket to "prestige brands," helping to offset macro-driven weakness in the mass beauty segment.
Ulta Beauty is a buy due to bullish price action, including higher highs and lows, and trading above its 30-week EMA for three weeks. Momentum is positive, with the Percentage Price Oscillator (PPO) indicating both short-term and long-term bullish trends. Volume analysis suggests institutional investors are accumulating ULTA, and relative strength shows recent outperformance against the S&P 500.
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.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Shares of cosmetics retailer Ulta Beauty (ULTA 10.62%) popped on Friday after its financial results for the third quarter of 2024 came in above investors' expectations. Expectations were quite low and so now investors are rethinking things.
Beaten-down Ulta Beauty stock is notably higher Friday after the cosmetics retailer's strong earnings report and encouraging outlook.