ValuEngine downgraded shares of e.l.f. Beauty (NYSE:ELF) from a strong-buy rating to a buy rating in a research report released on Thursday, ValuEngine reports.
A number of other research firms also recently commented on ELF. JPMorgan Chase & Co. raised shares of e.l.f. Beauty from a neutral rating to an overweight rating and lifted their price objective for the stock from $11.00 to $17.00 in a report on Tuesday, July 9th. Morgan Stanley upgraded e.l.f. Beauty from an underweight rating to an equal weight rating and raised their target price for the company from $6.00 to $10.50 in a research note on Tuesday, June 4th. Citigroup set a $13.00 target price on e.l.f. Beauty and gave the company a hold rating in a research note on Friday, July 26th. DA Davidson raised their target price on e.l.f. Beauty to $19.00 and gave the company a buy rating in a research note on Wednesday, July 10th. Finally, Zacks Investment Research upgraded e.l.f. Beauty from a hold rating to a buy rating and set a $18.00 target price on the stock in a research note on Friday, July 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. e.l.f. Beauty presently has an average rating of Hold and a consensus price target of $12.86.
e.l.f. Beauty stock traded up $0.02 during mid-day trading on Thursday, reaching $16.02. The company’s stock had a trading volume of 658,389 shares, compared to its average volume of 681,984. The company has a market capitalization of $826.02 million, a price-to-earnings ratio of 36.41, a price-to-earnings-growth ratio of 17.90 and a beta of 2.39. The firm’s 50 day moving average is $15.06. The company has a current ratio of 3.30, a quick ratio of 2.22 and a debt-to-equity ratio of 0.61. e.l.f. Beauty has a twelve month low of $6.70 and a twelve month high of $17.35.
e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $66.14 million during the quarter, compared to analyst estimates of $56.91 million. e.l.f. Beauty had a positive return on equity of 8.88% and a negative net margin of 1.15%. As a group, research analysts expect that e.l.f. Beauty will post 0.17 earnings per share for the current fiscal year.
In related news, insider Jonathan T. Fieldman sold 3,926 shares of e.l.f. Beauty stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $16.50, for a total transaction of $64,779.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Scott Milsten sold 8,700 shares of e.l.f. Beauty stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $16.75, for a total transaction of $145,725.00. The disclosure for this sale can be found here. Insiders sold 3,096,486 shares of company stock worth $33,640,073 over the last quarter. 17.10% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Aperio Group LLC bought a new stake in shares of e.l.f. Beauty during the second quarter valued at about $28,000. Quantamental Technologies LLC bought a new stake in shares of e.l.f. Beauty during the first quarter valued at about $36,000. BNP Paribas Arbitrage SA raised its stake in shares of e.l.f. Beauty by 862.1% during the first quarter. BNP Paribas Arbitrage SA now owns 5,253 shares of the company’s stock valued at $56,000 after purchasing an additional 4,707 shares in the last quarter. Mycio Wealth Partners LLC bought a new stake in shares of e.l.f. Beauty during the first quarter valued at about $106,000. Finally, CHICAGO TRUST Co NA bought a new stake in shares of e.l.f. Beauty during the first quarter valued at about $117,000. Institutional investors and hedge funds own 82.40% of the company’s stock.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce and e.l.f.
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