e.l.f. Beauty (NYSE:ELF) had its price objective decreased by SunTrust Banks to $14.00 in a research note published on Monday, The Fly reports. SunTrust Banks currently has a buy rating on the stock.
Other equities analysts have also issued reports about the stock. Oppenheimer reiterated a market perform rating on shares of e.l.f. Beauty in a report on Thursday, July 26th. Piper Jaffray Companies lowered shares of e.l.f. Beauty from a neutral rating to an underweight rating and lifted their target price for the company from $17.00 to $23.00 in a report on Thursday, August 9th. Citigroup lowered shares of e.l.f. Beauty from a buy rating to a neutral rating and lowered their target price for the company from $24.00 to $16.00 in a report on Thursday, August 9th. Stifel Nicolaus lowered their target price on shares of e.l.f. Beauty from $17.00 to $11.00 and set a hold rating for the company in a report on Thursday, August 9th. Finally, ValuEngine lowered shares of e.l.f. Beauty from a hold rating to a sell rating in a report on Thursday, May 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. e.l.f. Beauty presently has an average rating of Hold and an average price target of $18.44.
ELF traded up $0.45 on Monday, hitting $11.23. The company had a trading volume of 27,173 shares, compared to its average volume of 1,046,302. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.58 and a quick ratio of 1.72. e.l.f. Beauty has a 52-week low of $9.30 and a 52-week high of $26.00. The firm has a market capitalization of $484.38 million, a PE ratio of 23.17, a price-to-earnings-growth ratio of 1.84 and a beta of 1.16.
In related news, insider John P. Bailey sold 43,300 shares of the firm’s stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $16.26, for a total transaction of $704,058.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maureen C. Watson sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $18.69, for a total transaction of $74,760.00. The disclosure for this sale can be found here. Insiders have sold 51,300 shares of company stock valued at $858,418 in the last three months. 15.50% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC bought a new stake in shares of e.l.f. Beauty during the fourth quarter valued at approximately $225,000. Diversified Trust Co bought a new stake in shares of e.l.f. Beauty during the second quarter valued at approximately $169,000. SG Americas Securities LLC bought a new stake in shares of e.l.f. Beauty during the second quarter valued at approximately $185,000. Nisa Investment Advisors LLC bought a new stake in e.l.f. Beauty in the 2nd quarter worth approximately $207,000. Finally, Fox Run Management L.L.C. bought a new stake in e.l.f. Beauty in the 2nd quarter worth approximately $211,000. 87.17% of the stock is owned by institutional investors.
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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