NWQ Managers (Trades, Portfolio) sold its stake in Elizabeth Arden Inc. (RDEN, Financial), a Florida-based cosmetics and fragrances company, on July 31.
NWQ sold the 2,590,623 shares that remained in its portfolio after selling nearly 2.2 million shares in two separate transactions earlier this year. NWQ sold 62,904 shares in the first quarter and 2,131,274 shares in the second quarter.
The guru sold the shares for $13.9 per share for NWQ, which is more than it received in its two previous transactions. The divestiture had a -0.56% impact on NWQ’s portfolio.
Elizabeth Arden’s leading shareholder among the gurus is now Chuck Royce (Trades, Portfolio) with a stake of 1,240,894 shares. The stake is 4.14% of Elizabeth Arden’s outstanding shares and 0.06% of Royce’s total assets.
Elizabeth Arden has a price-book (P/B) ratio of 5.1 and a price-sales (P/S) ratio of 0.4. GuruFocus gives Elizabeth Arden a Financial Strength rating of 5/10 and a Profitability and Growth rating of 3/10 with return on equity (ROE) of -54.75% that is lower than 95% of the companies in the Global Household & Personal Products industry and return on assets (ROA) of -8.45% that is lower than 89% of the companies in that industry.
The company planned to announce its fourth quarter and fiscal year 2016 financial results after market close Aug. 10.
Elizabeth Arden sold for $13.95 per share Wednesday. The DCF Calculator gives Elizabeth Arden a fair value of $-26.65.
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