Jim Cramer on e.l.f. Beauty: "I Wouldn't Be Surprised if it's Got More Upside"

e.l.f. Beauty, Inc. (NYSE:ELF) is one of the stocks Jim Cramer recently covered. Cramer discussed the company’s China reliance, as he remarked:

“While I was on the West Coast, I got a chance to check in with e.l.f. Beauty, the value-oriented cosmetics company based in Oakland. Even though this stock’s up 9% for the year, it’s been a real volatile trader in part because of its heavy reliance on China for manufacturing. But this hasn’t done much to derail the stock lately, and I wouldn’t be surprised if it’s got more upside.”

e.l.f. Beauty, Inc. (NYSE:ELF) develops and sells cosmetics and skincare products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, Naturium, and Keys Soulcare brands. A caller inquired about the stock during the September 15 episode, and Cramer responded:

“I would not worry about the China scare because it’s what I call baked into the stock. What I would worry about is the parabolic move we had today. I mean, ELF is up nine. I think we have to wait till it comes down. I’m thrilled you’re in the club, but I know if I were in the club right now and we owned ELF, I would say trim, don’t buy. That’s just a parabolic move, and that signals that it’s up too much.”

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Disclosure: None. This article is originally published at Insider Monkey.