Why e.l.f. Beauty Stock Dropped This Week
e.l.f.(ELF) The Motley Fool·2024-08-30 03:30
e.l.f. Beauty's future remains incredibly bright, but investors have to pay a hefty premium to acquire shares today. Shares of upstart cosmetics and skincare company e.l.f. Beauty (ELF) dropped 12% in the last week as of 3:30 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence. After the company guided for sales growth of only 25% to 27% in 2025 -- a far cry from 77% over the last year -- the market has sent e.l.f. Beauty's share price lower as it worries about decelerating gro ...