e.l.f. Beauty Inc. (NYSE:ELF) had its price target lowered by BMO Capital Markets from $38.00 to $24.00 in a report published on Thursday. The firm currently has an outperform rating on the stock.

ELF has been the topic of several other reports. Piper Jaffray Companies lowered shares of e.l.f. Beauty from an overweight rating to a neutral rating and dropped their price target for the company from $26.00 to $23.00 in a research note on Wednesday, November 8th. Jefferies Group LLC reiterated a buy rating and issued a $30.00 price target on shares of e.l.f. Beauty in a research note on Monday, September 11th. Zacks Investment Research lowered shares of e.l.f. Beauty from a hold rating to a sell rating in a research note on Tuesday, October 10th. DA Davidson reiterated a buy rating and issued a $26.00 price target on shares of e.l.f. Beauty in a research note on Wednesday, September 27th. Finally, Stifel Nicolaus set a $20.00 target price on shares of e.l.f. Beauty and gave the stock a hold rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $24.27.

Shares of e.l.f. Beauty (NYSE ELF) traded up $0.14 during trading on Thursday, reaching $19.05. 649,400 shares of the company’s stock traded hands, compared to its average volume of 652,673. The stock has a market capitalization of $904.02 and a price-to-earnings ratio of 44.30. e.l.f. Beauty has a one year low of $18.52 and a one year high of $32.54. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.17 and a quick ratio of 0.95.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.14. The company had revenue of $71.90 million for the quarter, compared to analyst estimates of $68.38 million. e.l.f. Beauty had a net margin of 7.02% and a return on equity of 13.90%. The firm’s revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 earnings per share. sell-side analysts predict that e.l.f. Beauty will post 0.3 earnings per share for the current year.

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In related news, insider Jonathan T. Fieldman sold 4,137 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $23.00, for a total transaction of $95,151.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Scott Milsten sold 5,172 shares of the stock in a transaction on Monday, September 25th. The stock was sold at an average price of $19.52, for a total value of $100,957.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,468 shares of company stock worth $348,359. Insiders own 16.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Neuberger Berman Group LLC lifted its holdings in shares of e.l.f. Beauty by 2.5% during the second quarter. Neuberger Berman Group LLC now owns 12,510 shares of the company’s stock worth $340,000 after purchasing an additional 310 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of e.l.f. Beauty by 4.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 29,556 shares of the company’s stock worth $852,000 after purchasing an additional 1,368 shares during the period. Legal & General Group Plc lifted its holdings in shares of e.l.f. Beauty by 63.3% during the second quarter. Legal & General Group Plc now owns 4,155 shares of the company’s stock worth $112,000 after purchasing an additional 1,610 shares during the period. Geode Capital Management LLC lifted its holdings in shares of e.l.f. Beauty by 2.2% during the first quarter. Geode Capital Management LLC now owns 100,544 shares of the company’s stock worth $2,895,000 after purchasing an additional 2,145 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of e.l.f. Beauty by 130.5% during the second quarter. Citigroup Inc. now owns 5,662 shares of the company’s stock worth $154,000 after purchasing an additional 3,206 shares during the period. 87.01% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

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