J P Morgan Chase & Co downgraded shares of e.l.f. Beauty (NYSE:ELF) from a neutral rating to an underweight rating in a report issued on Friday morning. The brokerage currently has $18.00 target price on the stock.

A number of other research firms have also recently commented on ELF. Zacks Investment Research raised shares of e.l.f. Beauty from a sell rating to a hold rating in a research report on Monday, November 13th. Piper Jaffray Companies set a $26.00 target price on shares of e.l.f. Beauty and gave the company a buy rating in a research report on Wednesday, October 18th. Cowen reissued an outperform rating and set a $22.00 target price (down previously from $34.00) on shares of e.l.f. Beauty in a research report on Thursday, November 9th. DA Davidson reissued a buy rating and set a $26.00 target price on shares of e.l.f. Beauty in a research report on Wednesday, September 27th. Finally, Wells Fargo & Company reissued a hold rating and set a $19.00 target price on shares of e.l.f. Beauty in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. e.l.f. Beauty has an average rating of Buy and an average target price of $23.70.

Shares of e.l.f. Beauty (NYSE:ELF) traded up $0.34 on Friday, hitting $22.47. 487,329 shares of the stock traded hands, compared to its average volume of 313,079. e.l.f. Beauty has a 52-week low of $18.52 and a 52-week high of $31.10. The stock has a market cap of $1,023.73, a PE ratio of 51.47, a PEG ratio of 3.27 and a beta of 3.56. 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 posted its earnings results on Wednesday, November 8th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.14. e.l.f. Beauty had a net margin of 7.02% and a return on equity of 13.90%. The company had revenue of $71.90 million during the quarter, compared to analysts’ expectations of $68.38 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. e.l.f. Beauty’s revenue for the quarter was up 27.7% compared to the same quarter last year. equities analysts expect that e.l.f. Beauty will post 0.35 earnings per share for the current fiscal year.

In other e.l.f. Beauty news, insider Scott Milsten sold 5,172 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $19.52, for a total transaction of $100,957.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jonathan T. Fieldman sold 4,137 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $23.00, for a total transaction of $95,151.00. The disclosure for this sale can be found here. Corporate insiders own 16.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of ELF. Capital World Investors acquired a new position in e.l.f. Beauty during the 2nd quarter valued at approximately $31,144,000. Ameriprise Financial Inc. acquired a new position in e.l.f. Beauty during the 3rd quarter valued at approximately $20,359,000. TimesSquare Capital Management LLC increased its stake in e.l.f. Beauty by 115.0% during the 2nd quarter. TimesSquare Capital Management LLC now owns 1,430,000 shares of the company’s stock valued at $38,910,000 after purchasing an additional 765,000 shares in the last quarter. Jennison Associates LLC increased its stake in e.l.f. Beauty by 258.4% during the 2nd quarter. Jennison Associates LLC now owns 716,794 shares of the company’s stock valued at $19,504,000 after purchasing an additional 516,794 shares in the last quarter. Finally, Balyasny Asset Management LLC increased its stake in shares of e.l.f. Beauty by 239.5% in the second quarter. Balyasny Asset Management LLC now owns 492,306 shares of the company’s stock worth $13,396,000 after acquiring an additional 347,303 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

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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.

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

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