E.l.f. Beauty Should Continue to Gain Market Share, Analyst Says. Buy the Stock.

E.l.f. Beauty stock was gaining on Friday after Jefferies noted several growth catalysts ahead for the cosmetics company.

In Friday’s premarket trading, shares of e.l.f. were up 2.4%, to $98.90. Coming into the session, the stock had climbed 75% this year. The beauty category has remained resilient despite consumer weakness. This strength was evident in the company’s fiscal first-quarter financial results in August. E.l.f. posted earnings and revenue far above Wall Street expectations and raised its fiscal-year revenue outlook.

Also in August, e.l.f. acquired skin care brand Naturium. Helgans noted that this move was a positive because the company relies on bringing new items to the market to keep customers interested in the quickly evolving makeup industry.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hancock continues Liontown share buyGina Rinehart’s Hancock Prospecting has acquired a further 50.7-million shares in ASX-listed Liontown Resources, taking its shareholding in the takeover target to 14.67%. The shares were acquired on market at a price of between A$2.95 and A$3 a share.
Source: MiningWeeklyAUS - 🏆 233. / 63 Read more »

Exxon near $60 billion deal to buy Pioneer Natural Resources: reportExxon Mobil Corp. is close to a deal to buy shale-drilling company Pioneer Natural Resources for about $60 billion, the Wall Street Journal reported late...
Source: MarketWatch - 🏆 3. / 97 Read more »