JPMorgan Chase & Co. Analysts Give e.l.f. Beauty (ELF) a $11.00 Price Target
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.
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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