e.l.f. Beauty, Inc. (NYSE:ELF) shares are trading lower Tuesday. The stock has continued to trend lower over the past few weeks.
What To Know: Prior to the recent decline in e.l.f.’s stock, shares of the company gained at the end of August on news that it announced an agreement to acquire Naturium for $355 million in a combination of cash and stock.
The transaction, which is anticipated to close around September 30, is expected to double the company’s presence in skin care to approximately 18% of retail sales.
Despite the recent pullback, shares of e.l.f. are up 104.30% year-to-date.
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ELF Price Action: Shares of ELF were down 8.34% at $112.75 at the time of publication, according to Benzinga Pro.
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