Shares of e.l.f. Beauty Inc. (NYSE:ELF) have been given an average rating of “Buy” by the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $31.16.
Several equities research analysts recently commented on ELF shares. Piper Jaffray Companies reiterated an “overweight” rating and set a $34.00 target price on shares of e.l.f. Beauty in a research report on Monday, May 1st. BMO Capital Markets set a $38.00 price target on shares of e.l.f. Beauty and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Zacks Investment Research upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Tuesday, May 9th. Cowen and Company set a $34.00 price target on shares of e.l.f. Beauty and gave the stock a “buy” rating in a research report on Thursday, May 11th. Finally, Jefferies Group LLC initiated coverage on shares of e.l.f. Beauty in a research report on Friday, June 2nd. They issued a “buy” rating and a $30.00 price target on the stock.
e.l.f. Beauty (ELF) opened at 25.17 on Monday. The firm’s market cap is $1.15 billion. e.l.f. Beauty has a 52-week low of $23.73 and a 52-week high of $32.54. The firm’s 50-day moving average price is $25.97 and its 200 day moving average price is $26.49.
e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, May 10th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.05 by $0.04. The business had revenue of $60.60 million for the quarter, compared to analyst estimates of $59.87 million. The company’s revenue was up 15.0% on a year-over-year basis. On average, equities analysts anticipate that e.l.f. Beauty will post $0.43 earnings per share for the current year.
In other news, insider Tarang Amin sold 47,380 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $26.09, for a total value of $1,236,144.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John P. Bailey sold 33,334 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $26.32, for a total transaction of $877,350.88. The disclosure for this sale can be found here. Insiders have sold a total of 165,078 shares of company stock valued at $4,285,638 in the last 90 days. 16.50% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of ELF. Wells Fargo & Company MN raised its stake in e.l.f. Beauty by 2,195.5% in the first quarter. Wells Fargo & Company MN now owns 77,681 shares of the company’s stock valued at $2,238,000 after buying an additional 74,297 shares during the last quarter. First Mercantile Trust Co. purchased a new stake in e.l.f. Beauty during the first quarter valued at about $150,000. Nationwide Fund Advisors raised its stake in e.l.f. Beauty by 20.2% in the first quarter. Nationwide Fund Advisors now owns 39,245 shares of the company’s stock valued at $1,130,000 after buying an additional 6,607 shares during the last quarter. Columbus Circle Investors purchased a new stake in e.l.f. Beauty during the first quarter valued at about $7,393,000. Finally, Macquarie Group Ltd. purchased a new stake in e.l.f. Beauty during the fourth quarter valued at about $656,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.
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e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.
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