Zacks Investment Research upgraded shares of e.l.f. Beauty Inc. (NYSE:ELF) from a sell rating to a hold rating in a research note issued to investors on Monday morning.
According to Zacks, “e.l.f. Beauty, Inc. operates as a cosmetic company. Its cosmetic category primarily consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, excludes beauty tools and accessories, such as brushes and applicators. e.l.f. Beauty, Inc. is based in Oakland, United States. “
A number of other equities research analysts have also recently issued reports on ELF. Morgan Stanley dropped their price target on shares of e.l.f. Beauty from $23.00 to $21.00 and set an equal weight rating on the stock in a research note on Thursday, November 9th. Citigroup Inc. dropped their price target on shares of e.l.f. Beauty from $30.00 to $24.00 and set a buy rating on the stock in a research note on Friday. Stifel Nicolaus set a $25.00 price target on shares of e.l.f. Beauty and gave the company a hold rating in a research note on Thursday, August 10th. Cowen and Company reissued an outperform rating and issued a $22.00 price target (down previously from $34.00) on shares of e.l.f. Beauty in a research note on Thursday, November 9th. Finally, BMO Capital Markets dropped their price target on shares of e.l.f. Beauty from $38.00 to $24.00 and set an outperform rating on the stock in a research note on Thursday, November 9th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $24.27.
e.l.f. Beauty (NYSE ELF) traded up $0.56 during trading hours on Monday, hitting $19.61. 885,000 shares of the stock traded hands, compared to its average volume of 653,734. e.l.f. Beauty has a 52-week low of $18.52 and a 52-week high of $32.54. The stock has a market cap of $907.16 and a price-to-earnings ratio of 44.30. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.95 and a current ratio of 2.17.
e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14. e.l.f. Beauty had a net margin of 7.02% and a return on equity of 13.90%. The firm had revenue of $71.90 million for the quarter, compared to analysts’ expectations of $68.38 million. During the same quarter last year, the company earned $0.09 EPS. The firm’s revenue for the quarter was up 27.7% compared to the same quarter last year. equities research analysts forecast that e.l.f. Beauty will post 0.3 EPS for the current year.
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In other news, insider Scott Milsten sold 5,172 shares of e.l.f. Beauty stock in a transaction on Monday, September 25th. The stock was sold at an average price of $19.52, for a total transaction of $100,957.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John P. Bailey sold 6,159 shares of e.l.f. Beauty stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $24.72, for a total value of $152,250.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,468 shares of company stock worth $348,359. 16.50% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of ELF. Bank of New York Mellon Corp raised its holdings in shares of e.l.f. Beauty by 7.2% during the 1st quarter. Bank of New York Mellon Corp now owns 50,987 shares of the company’s stock worth $1,469,000 after acquiring an additional 3,421 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of e.l.f. Beauty by 31.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 23,821 shares of the company’s stock worth $686,000 after acquiring an additional 5,691 shares during the period. American International Group Inc. purchased a new position in shares of e.l.f. Beauty during the 1st quarter worth $162,000. Vanguard Group Inc. raised its holdings in shares of e.l.f. Beauty by 67.3% during the 1st quarter. Vanguard Group Inc. now owns 1,322,465 shares of the company’s stock worth $38,087,000 after acquiring an additional 531,777 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of e.l.f. Beauty by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 100,544 shares of the company’s stock worth $2,895,000 after acquiring an additional 2,145 shares during the period. Institutional investors and hedge funds own 87.01% of the company’s stock.
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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