e.l.f. Beauty Inc. (ELF) Trading NaN Higher
e.l.f. Beauty Inc. (NYSE:ELF) shares traded up NaN during mid-day trading on Tuesday . The stock traded as high as $21.18 and last traded at $0.00. 1,819,400 shares traded hands during mid-day trading, an increase of Infinity from the average session volume of 0 shares.
Several research analysts recently issued reports on the company. Jefferies Group LLC reissued a “buy” rating and issued a $30.00 price objective on shares of e.l.f. Beauty in a research note on Monday, June 19th. Stifel Nicolaus set a $25.00 price objective on e.l.f. Beauty and gave the stock a “hold” rating in a research note on Thursday, August 10th. Zacks Investment Research raised e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Piper Jaffray Companies set a $34.00 target price on e.l.f. Beauty and gave the company a “buy” rating in a research report on Saturday, June 10th. Finally, DA Davidson began coverage on e.l.f. Beauty in a research report on Wednesday, September 6th. They set a “buy” rating and a $26.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $30.59.
The stock has a 50-day moving average price of $20.07 and a 200 day moving average price of $20.07. The stock’s market capitalization is $970.65 million.
e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data 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 net margin of 4.16% and a return on equity of 10.54%. The company had revenue of $55.90 million during the quarter, compared to the consensus estimate of $55.73 million. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. Equities research analysts forecast that e.l.f. Beauty Inc. will post $0.45 earnings per share for the current fiscal year.
In other news, insider Scott Milsten sold 8,000 shares of the company’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $25.83, for a total value of $206,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John P. Bailey sold 6,159 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $24.86, for a total transaction of $153,112.74. The disclosure for this sale can be found here. Insiders sold 85,029 shares of company stock valued at $2,107,383 in the last 90 days. 16.50% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the company. Sterling Capital Management LLC raised its holdings in shares of 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 valued at $1,125,000 after buying an additional 14,891 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of 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 valued at $999,000 after buying an additional 17,600 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of 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 valued at $465,000 after buying an additional 8,163 shares during the last quarter. State Street Corp raised its holdings in shares of e.l.f. Beauty by 110.9% in the second quarter. State Street Corp now owns 329,869 shares of the company’s stock valued at $8,975,000 after buying an additional 173,427 shares during the last quarter. Finally, Fred Alger Management Inc. purchased a new stake in shares of e.l.f. Beauty in the second quarter valued at about $4,131,000. 86.06% of the stock is owned by institutional investors and hedge funds.
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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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