Cacti Asset Management adds Elizabeth Arden (RDEN) to its portfolio

Elizabeth Arden (RDEN) : Cacti Asset Management added new position in Elizabeth Arden during the most recent quarter end. The investment management firm now holds 20,000 shares of Elizabeth Arden which is valued at $163,000 according to a report filed by the company on Apr 1, 2016 with the SEC.Elizabeth Arden makes up approximately 0.02% of Cacti Asset Management’s portfolio.

On the company’s financial health, Elizabeth Arden reported $0.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.50 based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus of $0.60. The company had revenue of $316.20 million for the quarter, compared to analysts expectations of $340.92 million. The company’s revenue was down -5.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.

Elizabeth Arden opened for trading at $8.11 and hit $8.45 on the upside on Monday, eventually ending the session at $8.25, with a gain of 2.23% or 0.18 points. The heightened volatility saw the trading volume jump to 37,624 shares. Company has a market cap of $247 M.

Elizabeth Arden Inc. is a global beauty products company with a portfolio of fragrance skin care and cosmetics brands. The Company’s product portfolio includes Elizabeth Arden Brand such as the Elizabeth Arden skin care brands (Visible Difference Ceramide Prevage Eight Hour Cream Superstart and Elizabeth Arden Pro) Elizabeth Arden branded lipstick foundation and other color cosmetics products and Elizabeth Arden fragrances (Red Door 5th Avenue Elizabeth Arden Green Tea and UNTOLD); designer fragrances which include Juicy Couture John Varvatos and Wildfox Couture; Heritage Fragrances such as Curve Elizabeth Taylor Britney Spears Halston Ed Hardy Geoffrey Beene Alfred Sung Giorgio Beverly Hills Lucky PS Fine Cologne White Shoulders BCBGMAXAZRIA Rocawear and Jennifer Aniston and celebrity fragrances which include the fragrance brands of Justin Bieber Mariah Carey Nicki Minaj and Taylor Swift. Its operating segments include North America and International.

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