Elf Beauty says short-seller Muddy Waters' allegations are 'without merit' [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
Muddy Waters has taken a short position in Elf, claiming that the company possibly overstated its revenue by as much as $190 million over the past three years and inflated its inventory numbers to cover for insufficient sales, the hedge fund's CEO Carson Block said on Wednesday at a conference in London. Shares of Elf fell as much as 16% on Wednesday following the short-seller report but pared losses to close 2.2% lower at $119. The stock has nearly quadrupled from 2023 to hit a record high in March. "Muddy Waters' latest report is an attempt by a noted short-seller to negatively impact Elf Beauty's share price for its own benefit and at the expense of all other Elf Beauty shareholders, and Muddy Waters' allegations are without merit," Elf said in a statement. Elf raised its forecasts for annual sales and profit earlier in November, becoming the only company performing well in a weak beauty market where legacy cosmetics brands such as Estee Lauder and L'Oreal have been facing s
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News
- Elf Beauty Hits Back: Short-Seller Allegations Dismissed Amid Cosmetics Market Triumphs [Yahoo! Finance]Yahoo! Finance
- Elf Beauty says short-seller Muddy Waters' allegations are 'without merit' [Yahoo! Finance Canada]Yahoo! Finance Canada
- 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