Market volatility has not weighed heavily on ELF, which shows relative strength compared to the S&P To begin with, e.l.f. Beauty seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 13%. Probably as a result of this, e.l.f. Beauty was able to see an impressive net income growth of 64% over the last five years. However, there could also be other causes behind this growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio. To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. ELF’s digital ad spend efficiency has improved, lowering customer acquisition costs. Analysts in their "ELF stock forecast" see expanding operating leverage as a tailwind for profitability.
