e.l.f. Beauty (ELF) Rating Reiterated by Oppenheimer

e.l.f. Beauty (NYSE:ELF)‘s stock had its “market perform” rating reaffirmed by analysts at Oppenheimer in a research report issued to clients and investors on Thursday, July 26th. Oppenheimer also issued estimates for e.l.f. Beauty’s Q2 2018 earnings at ($0.01) EPS, Q4 2018 earnings at $0.21 EPS and FY2018 earnings at $0.36 EPS.

Other equities research analysts also recently issued research reports about the stock. TheStreet downgraded shares of e.l.f. Beauty from a “c-” rating to a “d+” rating in a research report on Monday, July 16th. Zacks Investment Research raised shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Finally, ValuEngine downgraded shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Thursday, May 3rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.84.

Shares of ELF stock opened at $10.18 on Thursday. The company has a quick ratio of 1.41, a current ratio of 3.20 and a debt-to-equity ratio of 0.73. e.l.f. Beauty has a 12-month low of $9.30 and a 12-month high of $26.00. The firm has a market cap of $467.60 million, a PE ratio of 21.89, a P/E/G ratio of 1.56 and a beta of 1.16.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping 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 11.87%. The company had revenue of $59.06 million during the quarter, compared to the consensus estimate of $59.20 million. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. research analysts anticipate 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 stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction on Tuesday, June 5th. The stock was 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 90 days. 16.50% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its holdings in e.l.f. Beauty by 7.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 108,291 shares of the company’s stock worth $1,651,000 after purchasing an additional 7,536 shares during the last quarter. Geode Capital Management LLC lifted its stake in e.l.f. Beauty by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 173,707 shares of the company’s stock valued at $3,875,000 after acquiring an additional 8,976 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in e.l.f. Beauty in the fourth quarter valued at $225,000. Diversified Trust Co acquired a new stake in e.l.f. Beauty in the second quarter valued at $169,000. Finally, SG Americas Securities LLC acquired a new stake in e.l.f. Beauty in the second quarter valued at $185,000. Institutional investors and hedge funds own 87.30% of the company’s stock.

e.l.f. Beauty Company Profile

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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Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

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