Shares of e.l.f. Beauty Inc (NYSE:ELF) have earned a consensus recommendation of “Hold” from the fourteen research firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $12.13.
A number of research firms have recently weighed in on ELF. BMO Capital Markets raised their price target on shares of e.l.f. Beauty from $13.00 to $14.00 and gave the company a “hold” rating in a report on Tuesday, November 6th. Citigroup set a $15.00 price target on shares of e.l.f. Beauty and gave the company a “hold” rating in a report on Wednesday, November 7th. JPMorgan Chase & Co. set a $11.00 price target on shares of e.l.f. Beauty and gave the company a “sell” rating in a report on Tuesday, November 6th. Zacks Investment Research upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a report on Thursday, November 8th. Finally, Wells Fargo & Co cut shares of e.l.f. Beauty from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $11.00 to $8.00 in a report on Thursday.
In other e.l.f. Beauty news, insider Jonathan T. Fieldman sold 65,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $13.22, for a total transaction of $859,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John P. Bailey sold 37,095 shares of the firm’s stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $12.07, for a total transaction of $447,736.65. The disclosure for this sale can be found here. Insiders sold a total of 696,375 shares of company stock valued at $7,726,640 over the last ninety days. 15.50% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Diversified Trust Co raised its position in e.l.f. Beauty by 14.4% during the 3rd quarter. Diversified Trust Co now owns 12,700 shares of the company’s stock worth $162,000 after buying an additional 1,600 shares during the last quarter. Vanguard Group Inc grew its stake in e.l.f. Beauty by 8.8% in the 3rd quarter. Vanguard Group Inc now owns 2,029,301 shares of the company’s stock valued at $25,834,000 after acquiring an additional 164,019 shares during the period. Marshall Wace LLP acquired a new stake in e.l.f. Beauty in the 3rd quarter valued at $869,000. Great Lakes Advisors LLC acquired a new stake in e.l.f. Beauty in the 3rd quarter valued at $1,017,000. Finally, Vanguard Group Inc. grew its stake in e.l.f. Beauty by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,029,301 shares of the company’s stock valued at $25,834,000 after acquiring an additional 164,019 shares during the period. 84.87% of the stock is owned by institutional investors.
NYSE:ELF opened at $8.21 on Friday. e.l.f. Beauty has a fifty-two week low of $7.50 and a fifty-two week high of $21.98. The stock has a market capitalization of $474.35 million, a PE ratio of 17.10, a PEG ratio of 3.89 and a beta of 2.01. The company has a current ratio of 3.49, a quick ratio of 2.01 and a debt-to-equity ratio of 0.66.
e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Monday, November 5th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.09. e.l.f. Beauty had a net margin of 10.11% and a return on equity of 10.60%. The business had revenue of $63.90 million for the quarter, compared to analysts’ expectations of $60.09 million. During the same period last year, the business earned $0.17 EPS. The company’s revenue was down 11.1% compared to the same quarter last year. As a group, equities research analysts forecast that e.l.f. Beauty will post 0.36 EPS for the current year.
About e.l.f. Beauty
e.l.f. Beauty, Inc operates as a beauty company. The company offers cosmetics, including face makeup, eye makeup, lip products, nail products, and cosmetics sets/kits; and skin care products under the e.l.f. brand name. It sells its products through direct-to-consumer channels, which include e-commerce and e.l.f.
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