Stock Movers Weekly Roundup: Beauty Brands Ulta and Elf Rise, Texas Pacific Land Falls
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May 30, 2025 Ulta Beauty's stock danced higher after a stellar earnings report, showcasing strong consumer demand for beauty products amid economic uncertainty. Meanwhile, Elf Beauty skyrocketed following its bold $1 billion acquisition of Hailey Bieber's Rhode brand. On the other hand, Texas Pacific Land faced a rough patch with an eight-day losing streak, highlighting challenges in the energy market. The discussion also touches on broader retail trends affected by tariffs and regional influences.
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ELF Beauty's Strategic Growth Move
- ELF Beauty's shares surged 35% after agreeing to acquire Hailey Bieber's brand, Rhode, for $1 billion.
- The company faces potential demand challenges as it plans to increase prices despite recent gains.
Ulta Beauty Tops Expectations
- Ulta Beauty delivered Q1 results beating Wall Street estimates, signaling strong cosmetics demand despite economic worries.
- The firm's turnaround plan includes exclusive products like Beyoncé's new hair-care line to attract shoppers.
Retail Strategies Amid Tariffs
- Despite recent tariff concerns, Target and Walmart remain major sales channels for ELF Beauty.
- Gap Inc.'s CEO aims to reduce China exposure from 10% to 3%, mitigating tariff impact by year-end.