Wells Fargo & Co. Initiates Coverage on e.l.f. Beauty Inc (ELF)
ELF has been the subject of several other reports. JPMorgan Chase & Co. assumed coverage on e.l.f. Beauty in a research note on Monday. They set a “neutral” rating and a $28.00 price objective for the company. Piper Jaffray Cos. began coverage on e.l.f. Beauty in a research note on Monday. They issued an “overweight” rating for the company. Finally, Stifel Nicolaus began coverage on e.l.f. Beauty in a research note on Monday. They issued a “hold” rating and a $25.00 target price for the company. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $26.50.
e.l.f. Beauty (NYSE:ELF) traded up 0.019% during mid-day trading on Monday, reaching $26.945. The company’s stock had a trading volume of 139,727 shares. The stock’s 50 day moving average is $26.38 and its 200 day moving average is $26.38. The company’s market cap is $83.75 million. e.l.f. Beauty has a 12 month low of $23.73 and a 12 month high of $28.92.
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In other news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the firm’s stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of $15.81, for a total value 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 $130,906,784.19. The sale was disclosed in a filing with the SEC, which is accessible 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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