e.l.f. Beauty Inc (ELF) Receives $10.70 Average PT from Brokerages

Shares of e.l.f. Beauty Inc (NYSE:ELF) have been assigned a consensus rating of “Hold” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $10.70.

Several brokerages have recently issued reports on ELF. Jefferies Financial Group upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and raised their price target for the stock from $10.00 to $14.00 in a research note on Wednesday, April 3rd. Zacks Investment Research upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Tuesday, April 30th. DA Davidson upgraded shares of e.l.f. Beauty from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday, April 16th. Citigroup set a $13.00 price target on shares of e.l.f. Beauty and gave the stock a “hold” rating in a research note on Monday, May 13th. Finally, BMO Capital Markets decreased their price target on shares of e.l.f. Beauty from $14.00 to $7.00 and set a “market perform” rating for the company in a research note on Wednesday, February 27th.

Shares of e.l.f. Beauty stock traded up $0.33 during mid-day trading on Thursday, hitting $12.14. 13,735 shares of the stock were exchanged, compared to its average volume of 741,721. e.l.f. Beauty has a 12 month low of $6.70 and a 12 month high of $20.22. The company has a quick ratio of 2.22, a current ratio of 3.30 and a debt-to-equity ratio of 0.61. The stock has a market cap of $595.99 million, a P/E ratio of 27.61, a P/E/G ratio of 13.68 and a beta of 1.90.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Tuesday, February 26th. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.09. e.l.f. Beauty had a negative net margin of 1.15% and a positive return on equity of 8.88%. The firm had revenue of $78.57 million for the quarter, compared to analysts’ expectations of $82.55 million. On average, equities analysts anticipate that e.l.f. Beauty will post 0.15 EPS for the current year.

In related news, insider John P. Bailey sold 52,477 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $7.98, for a total value of $418,766.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott Milsten sold 15,150 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $9.46, for a total transaction of $143,319.00. The disclosure for this sale can be found here. Insiders sold a total of 200,139 shares of company stock valued at $1,761,804 over the last quarter. 17.10% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in ELF. Millennium Management LLC grew its position in shares of e.l.f. Beauty by 2,523.4% during the 4th quarter. Millennium Management LLC now owns 522,510 shares of the company’s stock valued at $4,525,000 after purchasing an additional 502,593 shares in the last quarter. Sapience Investments LLC grew its position in shares of e.l.f. Beauty by 88.9% during the 1st quarter. Sapience Investments LLC now owns 1,058,184 shares of the company’s stock valued at $11,217,000 after purchasing an additional 497,874 shares in the last quarter. Portolan Capital Management LLC grew its position in shares of e.l.f. Beauty by 45.9% during the 4th quarter. Portolan Capital Management LLC now owns 1,396,818 shares of the company’s stock valued at $12,096,000 after purchasing an additional 439,404 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at $2,312,000. Finally, Boston Partners purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at $2,001,000. Institutional investors and hedge funds own 84.10% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and 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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