e.l.f. Beauty Inc. (ELF) Receives Consensus Recommendation of “Buy” from Analysts
Shares of e.l.f. Beauty Inc. (NYSE:ELF) have received an average recommendation of “Buy” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $30.97.
Several equities research analysts have issued reports on the company. Cowen and Company set a $34.00 price target on e.l.f. Beauty and gave the company a “buy” rating in a report on Thursday, May 11th. Piper Jaffray Companies set a $34.00 price target on e.l.f. Beauty and gave the company a “buy” rating in a report on Thursday, May 11th. Zacks Investment Research raised e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Tuesday, May 9th. BMO Capital Markets set a $38.00 price target on e.l.f. Beauty and gave the company a “buy” rating in a report on Tuesday, May 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $30.00 price target on shares of e.l.f. Beauty in a report on Monday, June 19th.
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Shares of e.l.f. Beauty (ELF) traded up 0.69% during trading on Tuesday, hitting $20.36. 443,921 shares of the stock were exchanged. The stock’s 50 day moving average is $24.61 and its 200-day moving average is $26.23. The stock’s market cap is $938.60 million. e.l.f. Beauty has a 12-month low of $19.15 and a 12-month high of $32.54.
e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.07. e.l.f. Beauty had a return on equity of 10.54% and a net margin of 4.16%. The business had revenue of $55.90 million during the quarter, compared to the consensus estimate of $55.73 million. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. Equities research analysts anticipate that e.l.f. Beauty will post $0.46 EPS for the current year.
In related news, insider Tarang Amin sold 47,380 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $26.09, for a total value of $1,236,144.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John P. Bailey sold 6,159 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $24.72, for a total value of $152,250.48. The disclosure for this sale can be found here. Insiders have sold 177,237 shares of company stock valued at $4,586,569 in the last three months. Insiders own 16.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC increased its position in e.l.f. Beauty by 56.3% in the second quarter. Sterling Capital Management LLC now owns 41,348 shares of the company’s stock worth $1,125,000 after buying an additional 14,891 shares during the period. California State Teachers Retirement System increased its position in e.l.f. Beauty by 92.1% in the second quarter. California State Teachers Retirement System now owns 36,700 shares of the company’s stock worth $999,000 after buying an additional 17,600 shares during the period. The Manufacturers Life Insurance Company increased its position in e.l.f. Beauty by 91.4% in the second quarter. The Manufacturers Life Insurance Company now owns 17,097 shares of the company’s stock worth $465,000 after buying an additional 8,163 shares during the period. State Street Corp increased its position in e.l.f. Beauty by 110.9% in the second quarter. State Street Corp now owns 329,869 shares of the company’s stock worth $8,975,000 after buying an additional 173,427 shares during the period. Finally, Fred Alger Management Inc. bought a new position in e.l.f. Beauty during the second quarter worth approximately $4,131,000. 86.06% of the stock is owned by institutional investors and hedge funds.
e.l.f. Beauty Company Profile
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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