Is it Time to Buy the Dip on e.l.f. Beauty Stock?

Cosmetics maker e.l.f. Beauty (NYSE: ELF) was a market darling a few years ago, as rising revenues and earnings drew investors into the fast-growing brand. The price-to-earnings ratio rose to more than 90x in 2024. Since that peak, the stock has lost roughly two-thirds of its value. Is it time to buy the dip? The good news from e.l.f. Beauty Essentially, e.l.f. Beauty imports low-priced cosmetics. That has been a winning formula for the company, as it has posted a long string of quarterly revenue increa ...