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David Goodloe
David Goodloe
Articles (769) 

NWQ Managers Adds to its Stake in Elizabeth Arden

NWQ Managers (Trades, Portfolio), a Los Angeles-based management firm, prefers to conduct extensive research into investment opportunities. When choosing which investments to make, the firm’s emphasis is on three things – attractive valuation, downside protection and identifying catalysts and inflection points.

Although “we pride ourselves on taking a long-term approach to investing our clients’ assets, our process is fluid and dynamic,” the company’s website states. “Our portfolios are constantly monitored using and strictly adhering to our research and analyst-driven process.”

In 2013, NWQ’s investment approach yielded a 35.8% return for its clients – and, through the first three quarters of 2014, NWQ actively traded in many stocks. But, in the final quarter of the year, the firm traded in only one – Elizabeth Arden Inc (NASDAQ:RDEN), a stock that has been in NWQ’s portfolio for years.

In that fourth quarter, NWQ added 126,276 shares to its stake in Elizabeth Arden, a Florida-based cosmetics and fragrance company, for an average price of $16.34 per share. The transaction had a 0.17% impact on NWQ’s portfolio.

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Elizabeth Arden sells its beauty products all around the world. In the United States, those products are carried in department stores such as Macy's (NYSE:M), Dillards (NYSE:DDS), JC Penney (JCP), Saks (SKS) and Nordstroms (NYSE:JWN) and mass retailers such as Walmart (NYSE:WMT), Target (NYSE:TGT), Sears (NASDAQ:SHLD), Kohl's (NYSE:KSS), Walgreens, Rite-Aid and CVS (NYSE:CVS).

Guru Mario Gabelli (Trades, Portfolio) reduced his stake in Elizabeth Arden in the fourth quarter. Other gurus who have holdings in Elizabeth Arden are Chuck Royce (Trades, Portfolio) and Jim Simons (Trades, Portfolio). RS Investment Managers divested itself of its stake in the company in the third quarter.

View the latest stock picks from NWQ Managers (Trades, Portfolio) here. Not a Premium Member of GuruFocus? Try it free for 7 days. 

 
 

About the author:

David Goodloe
I'm a journalist by training. I grew up in Arkansas and earned my B.A. at the University of Arkansas. I earned my master's degree at the University of North Texas. My background includes stints at newspapers in Arkansas and Texas and teaching news writing and news editing to students at the University of Oklahoma and Richland College here in Dallas. I'm a writer/editor at GuruFocus.

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