e.l.f. Beauty Inc (ELF) Receives New Coverage from Analysts at Cowen and Company
Several other brokerages also recently issued reports on ELF. SunTrust Banks Inc. assumed coverage on shares of e.l.f. Beauty in a research report on Monday. They set a buy rating and a $32.00 price objective on the stock. William Blair assumed coverage on shares of e.l.f. Beauty in a report on Monday. They issued an outperform rating on the stock. Piper Jaffray Cos. assumed coverage on shares of e.l.f. Beauty in a report on Monday. They issued an overweight rating and a $30.00 target price on the stock. Stifel Nicolaus assumed coverage on shares of e.l.f. Beauty in a report on Monday. They issued a hold rating and a $25.00 target price on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of e.l.f. Beauty in a report on Monday. They issued a neutral rating and a $28.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $29.17.
Shares of e.l.f. Beauty (NYSE:ELF) traded down 1.53% during mid-day trading on Monday, reaching $27.06. 45,086 shares of the company traded hands. The company’s market capitalization is $84.10 million. The stock’s 50-day moving average is $26.44 and its 200-day moving average is $26.44. e.l.f. Beauty has a 52 week low of $23.73 and a 52 week high of $28.92.
In related news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the firm’s stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $15.81, for a total value of $23,049,414.81. Following the completion of the sale, the insider now owns 8,279,999 shares in the company, valued at $130,906,784.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
About e.l.f. Beauty
e.l.f. Beauty, Inc is a holding company that offers its services in the cosmetics category. The Company’s cosmetics category consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, and excludes beauty tools and accessories, such as brushes and applicators. It offers various brands in the cosmetics industry.
Receive News & Stock Ratings for e.l.f. Beauty Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for e.l.f. Beauty Inc and related stocks with our FREE daily email newsletter.