e.l.f. Beauty Inc. (ELF) Receives Average Recommendation of “Buy” from Brokerages
e.l.f. Beauty Inc. (NYSE:ELF) has received an average recommendation of “Buy” from the thirteen research firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $31.16.
A number of equities analysts have recently issued reports on the stock. Piper Jaffray Companies set a $34.00 price objective on shares of e.l.f. Beauty and gave the company a “buy” rating in a research note on Thursday, May 11th. Cowen and Company set a $34.00 price objective on shares of e.l.f. Beauty and gave the company a “buy” rating in a research note on Thursday, May 11th. Zacks Investment Research upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Tuesday, May 9th. BMO Capital Markets set a $38.00 price objective on shares of e.l.f. Beauty and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $30.00 price objective on shares of e.l.f. Beauty in a research note on Monday, June 19th.
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e.l.f. Beauty (NYSE:ELF) traded up 0.85% during trading on Friday, hitting $24.82. 537,139 shares of the stock traded hands. e.l.f. Beauty has a 12 month low of $23.73 and a 12 month high of $32.54. The firm’s market cap is $1.13 billion. The firm has a 50-day moving average price of $26.10 and a 200 day moving average price of $26.53.
e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, May 10th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.04. The business had revenue of $60.60 million for the quarter, compared to the consensus estimate of $59.87 million. The company’s revenue was up 15.0% compared to the same quarter last year. On average, equities analysts forecast that e.l.f. Beauty will post $0.43 EPS for the current fiscal year.
In related news, insider John P. Bailey sold 6,159 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $26.18, for a total transaction of $161,242.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tarang Amin sold 47,380 shares of the stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $26.09, for a total transaction of $1,236,144.20. The disclosure for this sale can be found here. Insiders have sold 117,698 shares of company stock valued at $3,101,138 in the last three months. 16.50% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Fortaleza Asset Management Inc. bought a new position in e.l.f. Beauty during the second quarter worth about $107,000. Legal & General Group Plc boosted its position in e.l.f. Beauty by 63.3% in the second quarter. Legal & General Group Plc now owns 4,155 shares of the company’s stock worth $112,000 after buying an additional 1,610 shares in the last quarter. First Mercantile Trust Co. bought a new position in e.l.f. Beauty during the first quarter worth about $150,000. American International Group Inc. bought a new position in e.l.f. Beauty during the first quarter worth about $162,000. Finally, Invictus RG bought a new position in e.l.f. Beauty during the first quarter worth about $200,000. 96.61% of the stock is owned by institutional investors and hedge funds.
About e.l.f. Beauty
e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.
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