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.
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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