e.l.f. Beauty Inc (ELF) Research Coverage Started at Stifel Nicolaus
Investment analysts at Stifel Nicolaus initiated coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a research report issued on Monday. The firm set a “hold” rating and a $25.00 price target on the stock. Stifel Nicolaus’ target price indicates a potential downside of 9.02% from the company’s previous close.
Separately, JPMorgan Chase & Co. began coverage on e.l.f. Beauty in a research report on Monday. They set a “neutral” rating and a $28.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $29.17.
e.l.f. Beauty (NYSE:ELF) traded up 2.00% during mid-day trading on Monday, reaching $27.48. 412,442 shares of the company were exchanged. The stock’s 50-day moving average price is $26.37 and its 200-day moving average price is $26.37. 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 $85.41 million.
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In related 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 transaction, the insider now owns 8,279,999 shares of the company’s stock, valued at $130,906,784.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
About e.l.f. Beauty
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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