e.l.f. Beauty Inc (ELF) Coverage Initiated at Cowen and Company
Investment analysts at Cowen and Company assumed coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a research report issued on Monday, The Fly reports. The firm set an “outperform” rating on the stock.
Other analysts also recently issued reports about the company. SunTrust Banks Inc. assumed coverage on e.l.f. Beauty in a report on Monday. They set a “buy” rating for the company. William Blair assumed coverage on e.l.f. Beauty in a report on Monday. They set an “outperform” rating for the company. Piper Jaffray Cos. assumed coverage on e.l.f. Beauty in a report on Monday. They set an “overweight” rating for the company. Stifel Nicolaus assumed coverage on e.l.f. Beauty in a report on Monday. They set a “hold” rating and a $25.00 price objective for the company. Finally, JPMorgan Chase & Co. assumed coverage on e.l.f. Beauty in a report on Monday. They set a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. e.l.f. Beauty has a consensus rating of “Buy” and a consensus target price of $25.00.
Shares of e.l.f. Beauty (NYSE:ELF) opened at 26.94 on Monday. The firm’s market capitalization is $83.73 million. e.l.f. Beauty has a 1-year low of $23.73 and a 1-year high of $28.92. The firm has a 50-day moving average price of $26.37 and a 200-day moving average price of $26.37.
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In other news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the company’s stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of $15.81, for a total transaction of $23,049,414.81. Following the completion of the sale, the insider now directly owns 8,279,999 shares in the company, valued at approximately $130,906,784.19. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc is a holding company that offers its services in the cosmetics category. The Company’s cosmetics category consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, and excludes beauty tools and accessories, such as brushes and applicators. It offers various brands in the cosmetics industry.
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