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 Tuesday 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. “
Several other research firms have also weighed in on ELF. Cowen and Company set a $34.00 target price on e.l.f. Beauty and gave the company a buy rating in a report on Thursday, May 11th. Piper Jaffray Companies set a $34.00 target price on e.l.f. Beauty and gave the company a buy rating in a report on Thursday, May 11th. BMO Capital Markets set a $38.00 target price on e.l.f. Beauty and gave the company a buy rating in a report on Tuesday, May 2nd. Finally, Jefferies Group LLC restated a buy rating and set a $30.00 target price on shares of e.l.f. Beauty in a report on Monday, June 19th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. e.l.f. Beauty currently has an average rating of Buy and a consensus price target of $31.25.
e.l.f. Beauty (NYSE ELF) traded up 0.28% during midday trading on Tuesday, hitting $25.20. The stock had a trading volume of 452,256 shares. The stock’s market cap is $1.15 billion. The company’s 50-day moving average price is $26.03 and its 200 day moving average price is $27.12. e.l.f. Beauty has a 12-month low of $23.73 and a 12-month high of $32.54.
e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, May 10th. The company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.04. The company had revenue of $60.60 million for the quarter, compared to the consensus estimate of $59.87 million. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts predict that e.l.f. Beauty will post $0.43 earnings per share for the current fiscal year.
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In other news, insider John P. Bailey sold 33,334 shares of e.l.f. Beauty stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $26.32, for a total value of $877,350.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott Milsten sold 8,000 shares of e.l.f. Beauty stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $25.83, for a total value of $206,640.00. The disclosure for this sale can be found here. Insiders sold 105,380 shares of company stock worth $2,786,783 over the last quarter.
Institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. acquired a new position in e.l.f. Beauty during the fourth quarter worth approximately $656,000. UBS Asset Management Americas Inc. purchased a new position in shares of e.l.f. Beauty during the fourth quarter valued at about $2,831,000. Two Sigma Investments LP purchased a new position in shares of e.l.f. Beauty during the fourth quarter valued at about $989,000. FMR LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter valued at about $5,481,000. Finally, State Street Corp purchased a new position in shares of e.l.f. Beauty during the fourth quarter valued at about $3,535,000. Institutional investors and hedge funds own 96.60% of the company’s stock.
About e.l.f. Beauty
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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