Shares of Ulta Beauty (NASDAQ: ULTA) 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,

CEO Dave Kimbell is stepping down effective immediately, Ulta said Monday, and will stay on as an advisor through June 28.

Insights from analysts' 12-month price targets are revealed, presenting an average target of $442.68, a high estimate of $538.00, and a low estimate of $330.00. Surpassing the previous average price target of $415.05, the current average has increased by 6.66%.

Ulta Beauty (NASDAQ: ULTA) investors have some good reasons to feel disappointed right now. Its slumping valuation even attracted attention from Warren Buffett's Berkshire Hathaway, yet the famed investor went on to sell almost all of that new position by the following quarter.

Shares of Ulta Beauty Inc. ULTA slipped 3.07% to $415.14 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.16% to 5,918.25 and the Dow Jones Industrial Average DJIA rising 0.