$ELF Trade Setup & Fundamentals: $150+ Targets
Greetings Everyone,
I wanted to highlight
ELF, which has been on my radar for over three months.
Sector Insight:
The Consumer Discretionary sector, including e.l.f. Beauty, has shown unique market resilience. Despite sell-offs in leading stocks, the sector itself has held strong, even gaining ground. This suggests that while individual names saw profit-taking, capital may still be active within the sector. It raises the question: What are institutional investors targeting here? 🤔
e.l.f. Beauty (ELF) Fundamentals:
Q2 Fiscal 2025 Performance: Net sales jumped 40% YoY to $301.1 million, driven by retail and e-commerce growth.
Market Share Growth: U.S. market share rose by 195 basis points, marking 23 consecutive quarters of sales growth and share gains.
Profitability: Gross margin hit 71%, reflecting cost efficiencies, currency benefits, and price adjustments abroad.
Outlook Raised: Full-year net sales growth is now expected to be 28-30%, with EPS projected at $3.47 to $3.53, signaling sustained confidence.
Levels & Technicals:
Correction Zone: Began at the $220 level.
Major Price Levels: Horizontal Rays at $114, $143, $153, $220.
Gaps: Present at $120 and $159 levels.
Volume: Breakout volume hit 9.45 million compared to a typical 2-3.5 million during range-bound moves.
Trade Idea: ♟️
Gap & Go Strategy: Look to fill gaps, then break higher.
Price Targets 🎯
$152
$170
Next Steps 💡
Check out Lululemon (Canadian-based) for similar strength in the same sector. Let’s collaborate on chart insights! 📈
DYOR! NFA!
I wanted to highlight
ELF, which has been on my radar for over three months.Sector Insight:
The Consumer Discretionary sector, including e.l.f. Beauty, has shown unique market resilience. Despite sell-offs in leading stocks, the sector itself has held strong, even gaining ground. This suggests that while individual names saw profit-taking, capital may still be active within the sector. It raises the question: What are institutional investors targeting here? 🤔
e.l.f. Beauty (
ELF) Fundamentals:Q2 Fiscal 2025 Performance: Net sales jumped 40% YoY to $301.1 million, driven by retail and e-commerce growth.
Market Share Growth: U.S. market share rose by 195 basis points, marking 23 consecutive quarters of sales growth and share gains.
Profitability: Gross margin hit 71%, reflecting cost efficiencies, currency benefits, and price adjustments abroad.
Outlook Raised: Full-year net sales growth is now expected to be 28-30%, with EPS projected at $3.47 to $3.53, signaling sustained confidence.
Levels & Technicals:
Correction Zone: Began at the $220 level.
Major Price Levels: Horizontal Rays at $114, $143, $153, $220.
Gaps: Present at $120 and $159 levels.
Volume: Breakout volume hit 9.45 million compared to a typical 2-3.5 million during range-bound moves.
Trade Idea: ♟️
Gap & Go Strategy: Look to fill gaps, then break higher.
Price Targets 🎯
$152
$170
Next Steps 💡
Check out Lululemon (Canadian-based) for similar strength in the same sector. Let’s collaborate on chart insights! 📈
DYOR! NFA!
Trade active
Wow 🤯 Up 30% in a month.
Hope you made money from this 🤝.
Note
No positionNote
Lululemon up 13% since this post
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.