e.l.f. Beauty (ELF) Price Target Cut to $14.00 by Analysts at SunTrust Banks

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.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.07. e.l.f. Beauty had a net margin of 10.52% and a return on equity of 11.60%. The firm had revenue of $59.06 million during the quarter, compared to analyst estimates of $59.20 million. During the same period last year, the business earned $0.12 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. analysts expect that e.l.f. Beauty will post 0.39 EPS for the current fiscal year.

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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