e.l.f. Beauty Inc. (ELF) Research Coverage Started at DA Davidson
Equities research analysts at DA Davidson assumed coverage on shares of e.l.f. Beauty Inc. (NYSE:ELF) in a note issued to investors on Wednesday, MarketBeat.com reports. The firm set a “buy” rating and a $26.00 price target on the stock. DA Davidson’s price objective suggests a potential upside of 28.33% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on ELF. Piper Jaffray Companies set a $34.00 target price on e.l.f. Beauty and gave the stock a “buy” rating in a research note on Saturday, June 10th. Stifel Nicolaus set a $25.00 price objective on e.l.f. Beauty and gave the company a “hold” rating in a research note on Thursday, August 10th. Cowen and Company reiterated an “outperform” rating and issued a $34.00 price objective on shares of e.l.f. Beauty in a research note on Monday, June 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $38.00 price objective on shares of e.l.f. Beauty in a research note on Monday, June 12th. Finally, Jefferies Group LLC began coverage on e.l.f. Beauty in a research note on Friday, June 2nd. They issued a “buy” rating and a $30.00 price objective for the company. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $30.59.
e.l.f. Beauty (NYSE:ELF) traded up 0.90% during trading on Wednesday, hitting $20.26. 500,444 shares of the stock traded hands. The company’s 50 day moving average price is $23.29 and its 200 day moving average price is $25.81. The company’s market cap is $933.99 million. e.l.f. Beauty has a 12 month low of $19.11 and a 12 month high of $32.54.
e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, August 9th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.07. The firm had revenue of $55.90 million during the quarter, compared to analysts’ expectations of $55.73 million. e.l.f. Beauty had a return on equity of 10.54% and a net margin of 4.16%. The business’s revenue was up 26.8% on a year-over-year basis. On average, equities research analysts anticipate that e.l.f. Beauty will post $0.46 EPS for the current fiscal year.
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In related news, insider John P. Bailey sold 33,334 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $26.32, for a total transaction of $877,350.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Scott Milsten sold 8,000 shares of the company’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $25.83, for a total value of $206,640.00. The disclosure for this sale can be found here. Insiders have sold 177,237 shares of company stock worth $4,586,569 in the last ninety days. 16.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of ELF. Fortaleza Asset Management Inc. acquired a new stake in e.l.f. Beauty in the second quarter valued at $107,000. Legal & General Group Plc grew its holdings in e.l.f. Beauty by 63.3% in the second quarter. Legal & General Group Plc now owns 4,155 shares of the company’s stock valued at $112,000 after purchasing an additional 1,610 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in e.l.f. Beauty in the first quarter valued at $150,000. Citigroup Inc. grew its holdings in e.l.f. Beauty by 130.5% in the second quarter. Citigroup Inc. now owns 5,662 shares of the company’s stock valued at $154,000 after purchasing an additional 3,206 shares during the last quarter. Finally, American International Group Inc. acquired a new stake in e.l.f. Beauty in the first quarter valued at $162,000. 86.06% of the stock is currently owned by institutional investors.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.
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