Cosmetic companies’ stocks had a colorful morning Monday, with their shares moving in various directions as investors digested preliminary Black Friday data.
Shares of e.l.f. Beauty (ELF) and Ulta Beauty (ULTA) both dipped some 3.5% early Monday as the S&P 500 crept higher. By late morning, Ulta was up nearly 1%, while e.l.f. was down just 1.1%.
Ulta drew nearly 6% more visits this Black Friday compared to last year, according to Placer.ai, which tracks store visits. The broader health, beauty and self-care sector had a lackluster showing, with traffic falling, according to Placer.ai and another foot-traffic tracking firm, RetailNext.
Retailers still count on the holiday season to deliver visitors to their stores even as their digital businesses have grown. Makeup and skin care were among the most-ordered items using the Shopify (SHOP) platform over the Thanksgiving, the company said.
E.l.f. shares have generally risen — despite scrutiny from a short-seller— since the company …