Stifel Nicolaus Initiates Coverage on e.l.f. Beauty Inc (ELF)
Analysts at Stifel Nicolaus started coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a note issued to investors on Monday. The brokerage set a “hold” rating and a $25.00 price target on the stock. Stifel Nicolaus’ price objective would indicate a potential downside of 7.20% from the company’s current price.
Separately, JPMorgan Chase & Co. initiated coverage on shares of e.l.f. Beauty in a research note on Monday. They set a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $25.00.
e.l.f. Beauty (NYSE:ELF) opened at 26.94 on Monday. e.l.f. Beauty has a 12-month low of $23.73 and a 12-month high of $28.92. The stock’s 50 day moving average price is $26.37 and its 200 day moving average price is $26.37. The company’s market capitalization is $83.73 million.
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In related news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $15.81, for a total value of $23,049,414.81. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through this link.
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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