e.l.f. Beauty Inc (ELF) Given Average Rating of “Buy” by Analysts
e.l.f. Beauty Inc (NYSE:ELF) has been given an average recommendation of “Buy” by the eight research firms that are currently covering the stock. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $29.17.
Several research analysts recently weighed in on the stock. Cowen and Company assumed coverage on shares of e.l.f. Beauty in a report on Monday. They issued an “outperform” rating and a $32.00 target price for the company. SunTrust Banks Inc. assumed coverage on shares of e.l.f. Beauty in a report on Monday. They set a “buy” rating and a $32.00 price objective for the company. William Blair assumed coverage on shares of e.l.f. Beauty in a report on Monday. They set an “outperform” rating for the company. Morgan Stanley assumed coverage on shares of e.l.f. Beauty in a report on Monday. They set an “equal weight” rating and a $28.00 price objective for the company. Finally, Piper Jaffray Cos. assumed coverage on shares of e.l.f. Beauty in a report on Monday. They set an “overweight” rating and a $30.00 price objective for the company.
e.l.f. Beauty (NYSE:ELF) traded up 1.74% during mid-day trading on Monday, hitting $27.41. The company had a trading volume of 365,924 shares. e.l.f. Beauty has a 1-year low of $23.73 and a 1-year high of $28.92. The stock’s market capitalization is $85.19 million. The stock 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 dated Tuesday, September 27th. The shares were sold at an average price of $15.81, for a total transaction of $23,049,414.81. Following the sale, the insider now directly owns 8,279,999 shares in the company, valued at approximately $130,906,784.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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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