'Buy the weakness,' in e.l.f. Beauty, Piper says, as outlook is achievable [Seeking Alpha]
e.l.f. Beauty, Inc. (ELF)
Last e.l.f. beauty, inc. earnings: 2/5 04:05 pm
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investor.elfcosmetics.com
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Source: Seeking Alpha
sales, but its confidence in the name remains unchanged as management's outlook is “achievable” on both the top and bottom lines, leaving room for upside opportunity. “When assessing how valuation has moved the past several weeks (-37% since FQ1 results Aug 8), we see a heavy disconnect with the relative strength and resilience ELF delivers, and we'd buy on the weakness,” Piper Sandler analyst Korinne Wolfmeyer said in Monday's research note. While ELF management acknowledged tracking data showing slowing demand trends -- specifically for back-to-school sales -- with no indication that trends should shift “meaningfully” from the current low/mid teens levels, this looks to be strictly macro-driven and there doesn't seem to be any notable share loss to competitors, only share gains, Wolfmeyer says, And while there isn't any indication from management that international and digital sales will offset sluggish domestic demand, Wolfmeyer continues to see these channels as key contribu
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ELF
News
- Is e.l.f. Beauty Stock a Buy, Sell or Hold at a P/E Multiple of 28.8X? [Yahoo! Finance]Yahoo! Finance
- Jim Cramer Says e.l.f. Beauty Inc. (ELF) Has Been ‘Put Through The Meat Grinder' [Yahoo! Finance]Yahoo! Finance
- E.l.f. Beauty (ELF) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- e.l.f. Beauty, Inc. (NYSE: ELF) had its "buy" rating re-affirmed by analysts at DA Davidson. They now have a $223.00 price target on the stock.MarketBeat
- E.l.f. Beauty CEO says low prices have helped company thrive as cosmetics industry slows [CNBC]CNBC
ELF
Earnings
- 8/8/24 - Beat
ELF
Sec Filings
- 9/9/24 - Form 4
- 9/5/24 - Form 144
- 9/5/24 - Form 144
- ELF's page on the SEC website