Six hot beauty stocks to keep an eye on this fall

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Six hot beauty stocks to keep an eye on this fall

 Six hot beauty stocks to keep an eye on this fall
Image source: VideoFlow,Shutterstock

Highlights

  • The total revenue of Estee Lauder (NYSE: EL) in Q3 was US$3.8 billion against US$3.3 billion in Q3 the previous year.
  • Coty Inc (NYSE: COTY) reported total revenue of US$1 billion in Q3, 2021, the same as Q3 the previous year.
  • Inter Parfums (Nasdaq: IPAR), a market leader in the business, reported revenue of US$207.6 million in Q2 compared to US$49.5 million last year.

The beauty or cosmetic sector includes companies that manufacture and sell products like shampoo, skin, haircare, makeup items, fragrance, etc. In 2020, the US beauty industry was worth US$95.92 billion. It is expected to grow further in the coming years, according to TechSci Research.

We explore six top beauty and cosmetic stocks that may benefit from the reopening of the economy after the pandemic.

Estee Lauder Companies, Inc. (NYSE: EL)

The stock of the cosmetic company traded at US$326.015 at 1.44 pm ET on August 16, down 0.18 percent from the August 13 closing price. The stock value of the personal product maker surged by 22.60 percent YTD.

Hot Beauty Stocks to Eye this Fall

The total revenue of EL for Q3 this year was US$3.8 billion against US$3.3 billion in Q3 the previous year. The gross profit for the period was US$2.9 billion compared to US$2.5 billion in Q3 last year.

The net income of the fragrance maker was US$456 million against losses of US$6 million in the previous year.

Source: Pixabay.

The market capitalization of the leading skincare and makeup manufacturer is US$118 billion. The P/E ratio of the US-based company is 86.86 and the forward P/E one year is 52.76. The earnings per share of the haircare product company are US$3.75 and the annual dividend is US$2.12.

The highest and lowest stock price of EL for the past 52 weeks is US$336.56 and US$194.14.

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Coty Inc (NYSE: COTY)

The stock of the beauty products company traded at US$8.085 at 2 pm ET on August 16, down by 2 percent from the August 13 closing price. The stock price of COTY increased by 14.89 percent YTD.

The cosmetic company reported total revenue of US$1 billion in Q3 in 2021, the same as Q3 the previous year. The gross profit for the period was US$639.2 million against US$612.2 million in Q3 the previous year.

The net income of the fragrance maker for Q3 this year was US$15.6 million against losses of US$271.6 million in Q3 last year. The market capitalization of the personal care products company is US$6.1 billion. The forward P/E one year is 137.50 and the EPS is US$-1.15. The highest and lowest stock price of COTY for the past 52 weeks is US$10.49 and US$2.65.

Source: Pixabay.

Inter Parfums, Inc. (Nasdaq: IPAR)

The stock of the perfumes company traded at US$8.085 at 2 pm ET on August 16, down 2 percent from the August 13 closing price. The stock value of IPAR increased by 23.05 percent YTD.

The market leader in the fragrance business reported revenue of US$207.6 million in Q2 this year compared to US$49.5 million in Q2 last year. The gross profit of IPAR in Q2 this year was US$116.2 million against US$23.4 million in Q2 last year. The net income of the US-based enterprise was US$22.7 million against net losses of US$3.1 million in Q2 the previous year.

The market capitalization of the cosmetic company is US$2.3 billion. The P/E ratio is 28.96, while the forward P/E one year is 38.01. The EPS is US$2.57, and the annual dividend is US$1. The highest and lowest stock price of IPAR for the past 52 weeks is US$79.91 and US$36.46.

ELF Beauty, Inc (NYSE: ELF)

The stock of the miscellaneous specialty retailer traded at US$29.34 at 2.33 pm ET on August 16, down 1.94 percent from the August 13 closing price. The stock value of ELF increased by 23.05 percent YTD.

The total revenue of ELF for Q1, 2021, was US$97.05 million compared to US$64.53 million in Q1 last year. The gross profit for the period was US$61.91 million against US$43.34 million in Q1 the previous year. The net income of the lip care product company in Q1 this year was US$8.28 million compared to US$41.51 million in Q1, 2020.

The market capitalization of the cosmetic company is US$1.5 billion. The P/E ratio is 122.88 and the forward P/E one year is 66.49. The EPS is US$0.24. The highest and lowest stock price for the last 52 weeks is US$31.29 and US$1732.

Revlon, Inc. (NYSE: REV)

The stock of the cosmetic company traded at US$11.275 at 2.41 pm ET on August 16, down 1.87 percent from the August 13 closing price. The stock value of REV fell by 5.22 percent YTD.

The total revenue of the grooming product company in Q2, 2021, was US$497 million compared to US$179 million in Q2, 2020. The gross profit for the period was US$301 million versus US$179 million in Q2 the previous year. The net loss was US467.7 million compared to US$126.8 million in Q2 last year.

The market capitalization of the hair color manufacturer is US$604 million. The forward P/E one year is -2.70 and the EPS is US$-8.24. The highest and lowest stock price of REV for the past 52 weeks is US$19 and US$3.96.

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Ulta Beauty, Inc (Nasdaq: ULTA)

The stock of this cosmetic company traded at US$370.41 at 2.51 pm ET on August 16, fell by 0.39 percent from the August 13 closing price. The stock value of ULTA surged by 28.51 percent YTD.

The total revenue of the beauty product enterprise in Q1, 2022, was US$1.9 billion compared to US$1.1 billion in Q1 the previous year. The gross profit for the period was US$753.8 million against US$303.6 million in Q1 last year. The net income was US$230.3 million against losses of US$78.5 million in the previous year.

The market capitalization of the company that offers salon services is US$20.2 billion. The P/E ratio is 42.97 and the forward P/E one year is 30.55. The EPS is US$8.59. The highest and lowest stock price of ULTA for the past 52 weeks is US$374.47 and US$200.50.

Bottomline

The cosmetic industry has been recovering from the effects of the pandemic. The beauty product companies are seeing better earnings this year and are expected to grow further.

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