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.

COPYRIGHT VIOLATION NOTICE: “e.l.f. Beauty Inc. (ELF) Research Coverage Started at DA Davidson” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2017/09/10/e-l-f-beauty-inc-elf-research-coverage-started-at-da-davidson.html.

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.

Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

Receive News & Ratings for e.l.f. Beauty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for e.l.f. Beauty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.