Muddy Waters' Carson Block Bets Against E.L.F. Beauty: Short Seller Says Retailer's Financials Show 'Major Red Flag' [Yahoo! Finance]
e.l.f. Beauty, Inc. (ELF)
Last e.l.f. beauty, inc. earnings: 2/5 04:05 pm
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Source: Yahoo! Finance
Muddy Waters Research founder Carson Block announced a new short position in E.l.f. Beauty, Inc (NYSE: ELF ) at the Sohn conference on Wednesday, which sent shares of the cosmetics company tumbling. Here's a look at why the short seller is betting against E.L.F. What To Know: Short seller Muddy Waters released a report Wednesday alleging that E.L.F. has overstated its revenue over the last three quarters by approximately $135 million to $190 million. “We believe that in Q2 FY24, ELF management realized its growth narrative was in trouble as its inventory built. It appears that ELF then began reporting inflated revenue and profits,” the short seller said. Don't Miss: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things. Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commerci
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ELF
News
- Bronstein, Gewirtz & Grossman, LLC Is Investigating e.l.f. Beauty, Inc. (ELF) And Encourages Stockholders to ConnectAccesswire
- The Schall Law Firm Urges Shareholders To Take Part In An Inquiry Into e.l.f. Beauty Inc For Securities Law Violations Accesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of e.l.f. Beauty, Inc. - ELFAccesswire
- ELF Investors Have Opportunity to Join e.l.f. Beauty, Inc. Securities Fraud Investigation with the Schall Law FirmPR Newswire
- ELF Investors Have Opportunity to Join e.l.f. Beauty, Inc. Securities Fraud Investigation with the Schall Law FirmBusiness Wire
ELF
Earnings
- 11/6/24 - Beat
ELF
Sec Filings
- 11/14/24 - Form 4
- 11/12/24 - Form 144
- 11/12/24 - Form SC
- ELF's page on the SEC website