Ulta Beauty (ULTA) announced 澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Dave Kimbell's 澳洲幸运5开奖号码历史查询:retirement after the bell Monday, but JPMorgan analysts don't see the transition as a negative for the company. 

The analysts said late Monday that the cosmetics retailer remains one of its "top picks" and reiterated their $480 澳洲幸运5开奖号码历史查询:price target. Ulta stock was little changed Tuesday afternoon at $431.43 after surging as muchꦏ as 6.7% earlier in the session.

JPMorgan Cites Outlook Boost as CEO Departs

Ulta on Monday also raised its fiscal fourth-quarter comparable sales and 澳洲幸运5开奖号码历史查询:operating margin outlook to "make sure that investors clearly understood that the CEO change had nothing to do with 4Q performance," the JPMorgan note said. Kimbell has been succeeded by 澳洲幸运5开奖号码历史查询:Chief Operating Officer (COO) Kecia Steelman. 

A 1% increase in comparable sales and an operating margin of just above Ulta's previously projected range would imply current-quarter 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $7.21, above Wall Street's consensus of $6.76, JPMorgan said.