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What are you searching for?
Zacks rates both beauty companies a buy.
October 15, 2008
By: Jamie Matusow
Zacks has rated both Parlux and Revlon a “buy.” The company notes that Parlux Fragrances, Inc. ((NasdaqGS: PARL – News) saw sales surged 43% in the second quarter as the Jessica Simpson and Paris Hilton fragrances took off. Branded fragrances apparently are still a hot commodity going into the holiday season. The company has a forward P/E of 10.15. Meanwhile, Revlon, Inc. (NYSE: REV – News) is paying down debt and focusing on its core business, according to Zacks. The company has also seen an increase in sales despite a tough economy.
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