Elf Beauty Hits Back: Short-Seller Allegations Dismissed Amid Cosmetics Market Triumphs [Yahoo! Finance]
Estee Lauder Companies, Inc. (The) (EL)
Last estee lauder companies, inc. (the) earnings: 5/1 06:45 am
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Source: Yahoo! Finance
Waters claimed that the corporation overstated revenues by as much as $190 million over the past three years and falsified inventory counts to mask declining sales. Warning! GuruFocus has detected 3 Warning Signs with ELF. Made public on Wednesday at a London conference, the claims caused Elf's shares to fall sharply by 16%, then recover to close 2.2% lower at $119. Notwithstanding this setback, Elf shares are still strong; their value has almost doubled since 2023, and late last year they hit a record high. Denying the assertions, Elf claimed, "Muddy Waters's report is a deliberate attempt by a known short-seller to manipulate Elf Beauty's share price for personal benefit at the expense of other shareholders." Raising its annual sales and profit projections earlier this month, Elf distinguished itself in a demanding cosmetics market. Two corporations, Estee Lauder and L'Oreal, have battled declining demand, therefore highlighting Elf's achievement. The company also addressed
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EL
News
- Elf Beauty says short-seller Muddy Waters' allegations are 'without merit' [Yahoo! Finance Canada]Yahoo! Finance Canada
- Elf Beauty says short-seller Muddy Waters' allegations are 'without merit' [Yahoo! Finance]Yahoo! Finance
- How AI Is Revolutionizing New Product Development [Forbes]Forbes
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of The Estée Lauder Companies Inc. - ELAccesswire
- The Estée Lauder Companies Inc. (NYSE: EL) had its "buy" rating re-affirmed by analysts at DA Davidson. They now have a $81.00 price target on the stock.MarketBeat
EL
Earnings
- 10/31/24 - Beat
EL
Sec Filings
- 11/20/24 - Form 4
- 11/19/24 - Form 4
- 11/18/24 - Form S-8
- EL's page on the SEC website