10/18/2021 | Press release | Distributed by Public on 10/18/2021 09:00
William Blair initiated research coverage of Brilliant Earth Group, Inc. (BRLT $12.95). Brilliant Earth is a fast-growing, omnichannel retailer of diamond rings and other fine jewelry offering personalized and in-house branded products, with a particular focus on sustainable and ethical sourcing.
Analyst Dylan Carden estimated that the company would generate EPS of $0.21 in 2021 and $0.31 in 2022.
"Brilliant Earth is a digitally led, omnichannel retailer in the jewelry space," Carden said. "Founded in 2005, the company was an early mover in online migration, branded jewelry, and transparent sustainable production-trends that have accelerated in recent years. Historically, the company has focused on the engagement business, with a high component of customized product supported by a lean and efficient inventory model. With its focus on sourcing diamonds that are "Beyond Conflict Free," using recycled materials, offering lab-grown and blockchain-traceable diamonds, and responsible packaging, Brilliant Earth holds itself to a higher standard of corporate responsibility, which resonates with not only its younger customer base but an increasingly wider scope of potential customers."
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William Blair or an affiliate was a manager or co-manager of a public offering of equity securities for Brilliant Earth Group, Inc. within the prior 12 months.
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William Blair or an affiliate expects to receive or intends to seek compensation for investment banking services from Brilliant Earth Group, Inc. or an affiliate within the next three months.
William Blair or an affiliate received compensation for investment banking services or non-investment-banking services from Brilliant Earth Group, Inc. within the last 12 months. Brilliant Earth Group, Inc. is or was, within the last 12 months, an investment banking client of William Blair & Company and/or one or more of its affiliates.
Officers and employees of William Blair or its affiliates (other than research analysts) may have a financial interest in the securities of Brilliant Earth Group, Inc.
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Current Ratings Distribution (as of 10/15/21)
Outperform (Buy): 76%
Market Perform (Hold): 24%
Underperform (Sell): 1%
Inv. Banking Relationships*
Outperform (Buy): 31%
Market Perform (Hold): 14%
Underperform (Sell): 0%
* Percentage of companies in each rating category that are investment banking clients, defined as companies for which William Blair has received compensation for investment banking services within the past 12 months.
The compensation of the research analyst is based on a variety of factors, including the quality and accuracy of research, client feedback, contributions to other firm departments, competitive factors, and firm profitability.
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