Aug. 21 at 2:01 AM
$EL
Current: ~
$97.19 | PT:
$129 (ST) /
$121 (1-Yr)
Turnaround thesis taking shape:
Gross Margins: Strong at 70–80%+, led by luxury skincare & fragrance (La Mer, Le Labo).
Catalysts:
$1.2B PRGP cost-cut plan targeting 13.5% adj. op margin by FY27; NA makeup + China expansion.
Risks: High SG&A dragging net margins, choppy FCF conversion.
Near-term upside to
$120–
$129, but execution is key. Bullish turnaround play.
#Beauty #Stocks #Turnaround