JPMorgan Chase & Co. set a $11.00 target price on e.l.f. Beauty (NYSE:ELF) in a report published on Tuesday. The brokerage currently has a sell rating on the stock.

ELF has been the subject of several other reports. Zacks Investment Research raised shares of e.l.f. Beauty from a sell rating to a hold rating in a report on Tuesday, July 10th. TheStreet lowered shares of e.l.f. Beauty from a c- rating to a d+ rating in a report on Monday, July 16th. Oppenheimer reissued a market perform rating on shares of e.l.f. Beauty in a report on Thursday, July 26th. ValuEngine raised shares of e.l.f. Beauty from a sell rating to a hold rating in a report on Wednesday, August 8th. Finally, Jefferies Financial Group lowered shares of e.l.f. Beauty from a buy rating to a hold rating and raised their price objective for the stock from $18.00 to $30.00 in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. e.l.f. Beauty currently has a consensus rating of Hold and a consensus price target of $14.25.

e.l.f. Beauty stock traded down $0.21 during midday trading on Tuesday, hitting $13.01. 544,081 shares of the stock were exchanged, compared to its average volume of 690,886. e.l.f. Beauty has a 1 year low of $9.30 and a 1 year high of $23.85. The company has a market capitalization of $648.54 million, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 6.12 and a beta of 1.35. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.49 and a quick ratio of 1.72.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Monday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.09. e.l.f. Beauty had a net margin of 10.11% and a return on equity of 10.60%. The firm had revenue of $63.90 million for the quarter, compared to the consensus estimate of $60.09 million. During the same quarter in the previous year, the firm posted $0.17 EPS. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. Analysts forecast that e.l.f. Beauty will post 0.37 earnings per share for the current fiscal year.

In other news, insider Jonathan T. Fieldman sold 65,000 shares of e.l.f. Beauty stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $13.22, for a total value of $859,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tarang Amin purchased 65,600 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was acquired at an average cost of $10.76 per share, with a total value of $705,856.00. The disclosure for this purchase can be found here. Insiders sold a total of 488,040 shares of company stock valued at $6,148,730 over the last ninety days. Company insiders own 16.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at about $112,000. Diversified Trust Co acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at about $169,000. SG Americas Securities LLC acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at about $185,000. Nisa Investment Advisors LLC acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at about $207,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at about $211,000. 86.83% of the stock is owned by institutional investors and hedge funds.

About e.l.f. Beauty

e.l.f. Beauty, Inc operates as a beauty company. The company offers cosmetics, including face makeup, eye makeup, lip products, nail products, and cosmetics sets/kits; and skin care products under the e.l.f. brand name. It sells its products through direct-to-consumer channels, which include e-commerce and e.l.f.

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

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