Should You Buy e.l.f. Beauty Stock to Benefit From Its Buyback Plan?

e.l.f. Beauty Inc. (ELF) recently unveiled a share repurchase program, a strategic move that has caught the attention of investors. The announcement to buy back shares worth up to $500 million signals management's confidence in the company's financial health and commitment to enhancing shareholder value. The announcement of a significant share buyback is a testament to e.l.f. Beauty's confidence in its business model and future growth prospects. The company's ability to generate solid cash flow, even in a h ...