Cowen and Company Reiterates Outperform Rating for e.l.f. Beauty Inc (ELF)
e.l.f. Beauty Inc (NYSE:ELF)‘s stock had its “outperform” rating reaffirmed by equities researchers at Cowen and Company in a report released on Friday. They presently have a $32.00 price target on the stock. Cowen and Company’s target price would suggest a potential upside of 8.95% from the stock’s current price.
Other research analysts have also recently issued research reports about the company. Piper Jaffray Cos. assumed coverage on e.l.f. Beauty in a research report on Monday, October 17th. They issued an “overweight” rating and a $30.00 price target on the stock. William Blair restated an “outperform” rating on shares of e.l.f. Beauty in a research report on Monday, October 17th. JPMorgan Chase & Co. started coverage on e.l.f. Beauty in a research report on Monday, October 17th. They issued a “neutral” rating and a $28.00 target price on the stock. Morgan Stanley started coverage on e.l.f. Beauty in a research report on Monday, October 17th. They issued an “equal weight” rating and a $28.00 target price on the stock. Finally, SunTrust Banks Inc. started coverage on e.l.f. Beauty in a research report on Monday, October 17th. They issued a “buy” rating and a $32.00 target price on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. e.l.f. Beauty presently has an average rating of “Buy” and a consensus price target of $29.33.
e.l.f. Beauty (NYSE:ELF) opened at 29.37 on Friday. The firm’s 50-day moving average is $26.43 and its 200-day moving average is $26.43. The firm’s market capitalization is $91.28 million. e.l.f. Beauty has a 52-week low of $23.73 and a 52-week high of $30.50.
e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, November 10th. The company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.08. The company earned $56.30 million during the quarter, compared to the consensus estimate of $53.95 million. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities analysts expect that e.l.f. Beauty will post $0.31 earnings per share for the current year.
In other news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of e.l.f. Beauty stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of $15.81, for a total transaction of $23,049,414.81. Following the sale, the insider now directly owns 8,279,999 shares of the company’s stock, valued at $130,906,784.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.
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