e.l.f. Beauty (ELF) Shares Up 8.2%
Shares of e.l.f. Beauty Inc. (NYSE:ELF) shot up 8.2% during trading on Tuesday . The company traded as high as $23.85 and last traded at $23.52. 621,600 shares traded hands during trading, a decline of 2% from the average session volume of 634,862 shares. The stock had previously closed at $21.74.
A number of brokerages have commented on ELF. Piper Jaffray Companies lowered e.l.f. Beauty from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $26.00 to $23.00 in a report on Wednesday, November 8th. BMO Capital Markets reduced their target price on e.l.f. Beauty from $38.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, November 9th. Stifel Nicolaus set a $25.00 target price on e.l.f. Beauty and gave the company a “hold” rating in a report on Thursday, August 10th. Jefferies Group reaffirmed a “buy” rating and issued a $30.00 target price on shares of e.l.f. Beauty in a report on Monday, September 11th. Finally, Morgan Stanley reduced their target price on e.l.f. Beauty from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, November 9th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $24.27.
The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.95 and a current ratio of 2.17. The firm has a market cap of $1,088.49, a P/E ratio of 54.72, a P/E/G ratio of 3.47 and a beta of 3.56.
In other e.l.f. Beauty news, 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 transaction of $100,957.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $95,151.00. The disclosure for this sale can be found here. 16.50% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of ELF. Geode Capital Management LLC increased its holdings in shares of e.l.f. Beauty by 2.2% in 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. TimesSquare Capital Management LLC increased its holdings in shares of e.l.f. Beauty by 115.0% in the second quarter. TimesSquare Capital Management LLC now owns 1,430,000 shares of the company’s stock worth $38,910,000 after purchasing an additional 765,000 shares during the period. Marshall Wace North America L.P. bought a new position in shares of e.l.f. Beauty in the second quarter worth $5,521,000. Sterling Capital Management LLC increased 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 worth $1,125,000 after purchasing an additional 14,891 shares during the period. Finally, Capital World Investors bought a new position in shares of e.l.f. Beauty in the second quarter worth $31,144,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.
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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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