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MarketScreener Homepage  >  Equities  >  Nyse  >  E.l.f. Beauty, Inc.    ELF

E.L.F. BEAUTY, INC.

(ELF)
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Beauty Stocks Look Pretty After Upbeat Estée Lauder Earnings -- Update

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08/19/2019 | 03:27pm EDT

By Jessica Menton

Investors are still betting on cosmetic companies despite the retail sector's tariff woes.

Shares of Estée Lauder Cos. rallied 13% to $201.65 on Monday -- a new high -- after the beauty company delivered strong second-quarter earnings, driven by robust demand for its high-end skin-care products. The stock has surged 55% in 2019.

Other cosmetic companies followed suit, with shares of e.l.f. Beauty Inc., L'Oreal and Ulta Beauty Inc. gaining 8.6%, 1.8% and 1%, respectively. Shares of each company have jumped at least 18% apiece so far this year.

A number of bricks-and-mortar retailers have struggled over the past year as companies contend with increased tariffs on goods from China. Some cosmetic companies were able to mitigate the costs of earlier tariffs last year, though another round of levies, or retaliatory moves, could be harder to absorb.

The SPDR S&P Retail exchange-traded fund, which includes companies such as L Brands Inc., Best Buy Co. and Guess Inc., has slumped 24% over the past 12 months, compared with the S&P 500's 2.6% rise in that span.

But companies such as Estée Lauder, which includes brands like MAC Cosmetics, have continued to thrive. Estée Lauder saw modest improvement in the U.S. despite a tough retail environment while China and emerging markets in Southeast Asia continued to deliver strong sales growth, the company said it its latest earnings release.

"Cosmetic companies aren't completely immune to tariff threats, but people are more willing to spend money on personal-care products in times of economic uncertainty, and they're typically one of the last things that people will cut back on," said Brian Yacktman, president and chief investment officer at YCG Investments, which has roughly $750 million in assets under management.

To be sure, some cosmetic companies still face challenges in the face of changing consumer tastes. Coty Inc. announced a $600 million turnaround plan in July that fell short of analysts expectations. The stock has slumped 17% over the past month.

Meanwhile, Revlon Inc. hired Goldman Sachs Group Inc. to help review strategic alternatives, including the sale of all or parts of its business, The Wall Street Journal reported last week. The stock has lost 34% of its value this year.

Write to Jessica Menton at Jessica.Menton@wsj.com

Corrections & Amplifications

This item was corrected at 6:52 p.m. ET to show that Estee Lauder's stock has surged 55% in 2019, and shares of L'Oreal gained 1.8% on Monday. The original version of this article incorrectly said that Estee Lauder was up 50% and Avon Products shares were up 1.8%.

Stocks mentioned in the article
ChangeLast1st jan.
AVON PRODUCTS 2.39% 4.28 Delayed Quote.181.58%
COTY INC. 3.75% 11.91 Delayed Quote.81.55%
DJ INDUSTRIAL -0.15% 26788.1 Delayed Quote.14.84%
E.L.F. BEAUTY, INC. -2.71% 16.9 Delayed Quote.95.15%
ESTÉE LAUDER COMPANIES (THE) -0.33% 185.1 Delayed Quote.42.28%
GOLDMAN SACHS GROUP INC. 0.17% 209.6 Delayed Quote.25.26%
NASDAQ 100 -0.83% 7874.615602 Delayed Quote.24.31%
NASDAQ COMP. -0.72% 8104.295257 Delayed Quote.21.92%
REVLON, INC. 1.77% 26.48 Delayed Quote.5.12%
S&P 500 -0.36% 2995.99 Delayed Quote.19.51%
ULTA BEAUTY 0.68% 236.91 Delayed Quote.-3.24%
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Financials (USD)
Sales 2020 260 M
EBIT 2020 36,2 M
Net income 2020 13,5 M
Debt 2020 75,8 M
Yield 2020 -
P/E ratio 2020 62,1x
P/E ratio 2021 48,1x
EV / Sales2020 3,53x
EV / Sales2021 3,26x
Capitalization 843 M
Chart E.L.F. BEAUTY, INC.
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Technical analysis trends E.L.F. BEAUTY, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 18,53  $
Last Close Price 16,90  $
Spread / Highest target 24,3%
Spread / Average Target 9,62%
Spread / Lowest Target -23,1%
EPS Revisions
Managers
NameTitle
Tarang P. Amin Chairman, President & Chief Executive Officer
Jonathan T. Fieldman Senior Vice President-Operations
Mandy Fields Senior VP, Chief Financial & Accounting Officer
Lauren Cooks Levitan Independent Director
Sabrina L. Simmons Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
E.L.F. BEAUTY, INC.95.15%843
ULTA BEAUTY-3.24%13 942
NEXT70.98%11 293
TRACTOR SUPPLY COMPANY12.82%11 228
GRANDVISION44.07%7 788
FIELMANN AKTIENGESELLSCHAFT28.24%6 480