Key Takeaways Ulta 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,

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.

US retailer Ulta Beauty has promoted Kecia Steelman to president and CEO, effective immediately. She replaces Dave Kimbell, who is retiring after an 11-year tenure. He is also stepping down from the company’s board of directors, but will stay on as an advisor to Ulta Beauty through 28 June.

Ulta Beauty said CEO Dave Kimbell is retiring after 11 years at the company, and will be replaced by COO Kecia Steelman.

Kecia Steelman named President and Chief Executive Officer of Ulta Beauty. (Photo: ) Dave Kimbell to Retire After Distinguished 11-Year Tenure. Kecia Steelman Appoint

Ulta Beauty shares are trading higher in Monday's after-hours session after the company announced a CEO transition and updated its near-term outlook.

Ulta Beauty CEO Dave Kimbell will retire and Kecia Steelman, current President and COO, has been named as his successor.

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,