Challenges facing the beauty industry: B. Riley initiates coverage of e.l.f., Ulta, and Estée Lauder [Seeking Alpha]
B. Riley Financial, Inc. (RILY)
NASDAQ:AMEX Investor Relations:
ir.brileyfin.com/investor-relations
Company Research
Source: Seeking Alpha
While some names in the category have weathered slowing demand through customer loyalty and operational efficiencies, others remain plagued by weak Chinese spending and brand relevance. B. Riley's Anna Glaessgen initiates coverage of three names in the beauty business with special consideration to price points, brand affinity with a specific demographic, and ability to navigate what could be a more constrained consumer. Thanks to tailwinds from expanded distribution, low price point, brand awareness, and the company's proven track record of performing well during an “uncertain backdrop,” Glaessgen initiates e.l.f. Beauty ( NYSE: ELF ) with a Buy rating and $175 target price, a 53% premium from Monday's close. E.l.f. ( ELF ) has doubled its U.S. cosmetics market share over the past two years with consumption growth in tracked channels outgrowing the industry by an average of 35% for nine quarters. Glaessgen notes the company's efficient investments in brand activation, which has
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- Canaan rated new Buy at B. Riley on growth, competition Sep. 18, 2024 9:46 AM ET By: Max Gottlich , SA News Editor [Seeking Alpha]Seeking Alpha
- Ulta gets a Sell rating, e.l.f. Beauty a Buy at B. Riley [Yahoo! Finance Canada]Yahoo! Finance Canada
RILY
Sec Filings
- 8/23/24 - Form 8-K
- 8/16/24 - Form SC
- 8/14/24 - Form 13F-HR
- RILY's page on the SEC website