Simple ideas can produce market-beating stocks too, including cosmetics retailer Ulta Beauty (NASDAQ: ULTA). Ulta Beauty is a U.S. cosmetics retailer with 1,437 stores as of the end of its fiscal third quarter of 2024.

It ended the year with Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) selling a large chunk of his recently initiated position in the stock and a continuation of the pressure it's been experiencing the whole year.

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

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,

Five years ago, Ulta's stock traded at about $267 a share and closed at over $415 on Jan. 8. That works out to a 57.6% appreciation. Your $5,000 investment would've grown to $7,878.Ulta Beauty's stock doesn't pay dividends, so that doesn't factor into the return.

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 Inc. closed $170.70 below its 52-week high ($574.76), which the company reached on March 14th.