Streetbeat News

LRLCY

L`Oreal

http://www.loreal.fr/

CEO

Jean-Paul Agon

Industry

Soap and Other Detergent Manufacturing

Open

68.34

Mkt cap

183B

Volume

34K

High

68.78

P/E Ratio

26.85

52-wk high

100.28

Low

68.34

Div yield

0.02

52-wk low

68.34

L'Oreal reported a 2.4% decline in Q2 North Asia comparable sales, missing the estimated decline of 0.62%.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:03 pm

L'Oreal's CEO reported that luxury make-up sales are growing in double digits, while luxury skincare is impacted by a slow rebound in China. The mass market in China saw more acceleration in Q1 compared to the U.S., with a slowdown in luxury segments.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:11 pm

L'Oreal reported a 9.4% like-for-like sales growth in Q1, reaching €11.24 billion. North America sales grew by 12.3% like-for-like, totaling €3.02 billion.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:04 pm

L'Oreal SA is reportedly considering acquiring a minority stake in the Omani luxury fragrance brand Amouage, which is valued at over €3 billion. Amouage, known for its high-end perfumes, reported retail sales exceeding $210 million in 2023. L'Oreal's shares closed lower by 2.28% at $90.94.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 10:30 am

Goldman Sachs highlights concerns over the U.S. stock market's heavy concentration in its largest tech stocks, suggesting a 'barbell approach' for investors to diversify. The top 10 U.S. stocks now represent 33% of the S&P 500 market cap, leading to market performance skew. The firm also sees investment opportunities in Japan and the healthcare sector, and highlights European GRANOLAS stocks for their lower valuations and solid performance.

Portfolio Pulse from Piero Cingari

March 11, 2024 | 2:38 pm

A group of 11 European stocks, dubbed 'Granolas' by Goldman Sachs, has outperformed the global market with lower volatility and higher yields compared to 'The Magnificent Seven' tech stocks. These companies, operating in sectors like healthcare, pharmaceuticals, luxury goods, consumer staples, industrial manufacturing, and software technology, offer advantages such as lower valuation multiples, higher dividend yields, and less volatility. Notable companies include GSK, Roche, ASML, Nestle, Novo Nordisk, Novartis, L'Oreal, LVMH, AstraZeneca, Sanofi, and SAP. For investors interested in these stocks, ETFs like the VanEck Pharmaceutical ETF (PPH) and Pacer Trendpilot European Index ETF (PTEU) are recommended.

Portfolio Pulse from Stjepan Kalinic

February 28, 2024 | 7:43 pm

Francoise Bettencourt Meyers, heiress to the L’Oreal fortune, has become the first woman to exceed a net worth of $100 billion, primarily due to L'Oréal SA's (OTC:LRLCY) record-breaking share performance. L'Oréal, with a market value of €241 billion, is expected to see a further stock increase of about 12% in the coming year, according to Consumer Edge Research. The rise in Bettencourt Meyers' wealth highlights the narrowing wealth gap between men and women in business leadership roles.

Portfolio Pulse from Benzinga Neuro

December 29, 2023 | 11:47 am

L'Oréal Co. (OTC:LRLCF) (OTC:LRLCY) is undergoing significant transformations under its CEO, Nicholas Hieronimus, who projects the beauty market to reach $426.8 billion by 2030. The company is integrating advanced technology and investing over $1 billion annually in beauty tech. L'Oréal is also committed to sustainability and plans to use 100% recycled plastic by 2030. Other beauty stocks with upward potential include Coty Inc. (NYSE:COTY), Ulta Beauty, Inc. (NASDAQ:ULTA), and Inter Parfums Inc (NASDAQ:IPAR).

Portfolio Pulse from Nabaparna Bhattacharya

September 23, 2023 | 8:20 pm

Oppenheimer analyst Rupesh Parikh reiterated an Outperform rating on Ulta Beauty Inc (ULTA) with a price target of $540. The company is expected to report its Q2 FY23 earnings on August 24. Despite challenges in the hair category, the analyst sees a healthy beauty backdrop with continued strength in the mass category. The analyst will continue to monitor student loan impacts on the beauty category, increased promotional intensity, and prestige brand additions on Amazon.com Inc (AMZN), with L'Oreal Co (LRLCY) moving more aggressively on the platform.

Portfolio Pulse from Shivani Kumaresan

August 22, 2023 | 6:49 pm

Despite nationwide protests and riots in France, the French stock market, represented by the CAC 40 index, has risen for five consecutive days, marking a 3.3% gain. This performance is largely due to the international focus of French luxury brands, such as LVMH and L'Oréal, which are predominantly represented in the CAC 40 index and tracked by the iShares MSCI France ETF (EWQ). These companies generate a significant portion of their revenues from international markets, shielding them from domestic upheavals.

Portfolio Pulse from Piero Cingari

June 30, 2023 | 7:25 pm

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