e.l.f. Beauty (NYSE:ELF) has been assigned a $11.00 price target by research analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday. The brokerage presently has a “sell” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential downside of 14.40% from the company’s current price.
Other analysts also recently issued reports about the stock. SunTrust Banks cut their price objective on shares of e.l.f. Beauty to $14.00 and set a “buy” rating on the stock in a research report on Monday, August 13th. TheStreet downgraded shares of e.l.f. Beauty from a “c-” rating to a “d+” rating in a research report on Monday, July 16th. Stifel Nicolaus cut their price objective on shares of e.l.f. Beauty from $17.00 to $11.00 and set a “hold” rating on the stock in a research report on Thursday, August 9th. Jefferies Financial Group downgraded shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and lifted their price objective for the company from $18.00 to $30.00 in a research report on Thursday, August 9th. Finally, BMO Capital Markets set a $13.00 price objective on shares of e.l.f. Beauty and gave the company a “hold” rating in a research report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. e.l.f. Beauty presently has a consensus rating of “Hold” and an average price target of $16.52.
Shares of e.l.f. Beauty stock traded up $1.75 during trading hours on Tuesday, reaching $12.85. The company’s stock had a trading volume of 922,489 shares, compared to its average volume of 391,311. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 3.58. e.l.f. Beauty has a one year low of $9.30 and a one year high of $23.85. The company has a market cap of $517.21 million, a P/E ratio of 26.77, a PEG ratio of 5.02 and a beta of 1.35.
e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Monday, November 5th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.09. The firm had revenue of $63.90 million for the quarter, compared to the consensus estimate of $60.09 million. e.l.f. Beauty had a net margin of 10.52% and a return on equity of 11.60%. e.l.f. Beauty’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same period last year, the firm posted $0.17 EPS. As a group, sell-side analysts predict that e.l.f. Beauty will post 0.32 earnings per share for the current year.
In other e.l.f. Beauty news, insider John P. Bailey sold 86,600 shares of the firm’s stock in a transaction dated Tuesday, October 23rd. The shares were sold at an average price of $10.61, for a total transaction of $918,826.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan T. Fieldman sold 68,312 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $13.46, for a total transaction of $919,479.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 423,040 shares of company stock worth $5,289,430. 15.50% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd acquired a new position in e.l.f. Beauty during the 2nd quarter valued at about $112,000. Diversified Trust Co acquired a new position in e.l.f. Beauty during the 2nd quarter valued at about $169,000. SG Americas Securities LLC acquired a new position in e.l.f. Beauty during the 2nd quarter valued at about $185,000. Nisa Investment Advisors LLC acquired a new position in e.l.f. Beauty during the 2nd quarter valued at about $207,000. Finally, Fox Run Management L.L.C. acquired a new position in e.l.f. Beauty during the 2nd quarter valued at about $211,000. 86.83% of the stock is currently owned by hedge funds and other institutional investors.
e.l.f. Beauty Company Profile
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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