Shares of e.l.f. Beauty Inc. (NYSE:ELF) have been assigned an average rating of “Buy” from the eleven analysts that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $24.27.

Several research firms have recently issued reports on ELF. Piper Jaffray Companies set a $32.00 price objective on shares of e.l.f. Beauty and gave the company a “buy” rating in a report on Thursday, August 10th. Morgan Stanley decreased their price objective on shares of e.l.f. Beauty from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, November 9th. Stifel Nicolaus set a $25.00 target price on shares of e.l.f. Beauty and gave the stock a “hold” rating in a report on Thursday, August 10th. Cowen restated an “outperform” rating and set a $22.00 target price (down from $34.00) on shares of e.l.f. Beauty in a report on Thursday, November 9th. Finally, Jefferies Group restated a “buy” rating and set a $30.00 target price on shares of e.l.f. Beauty in a report on Tuesday, September 26th.

In related news, insider Jonathan T. Fieldman sold 4,137 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $23.00, for a total transaction of $95,151.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott Milsten sold 5,172 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $19.52, for a total transaction of $100,957.44. The disclosure for this sale can be found here. Company insiders own 16.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. Neuberger Berman Group LLC boosted its stake in e.l.f. Beauty by 2.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 12,510 shares of the company’s stock worth $340,000 after purchasing an additional 310 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in e.l.f. Beauty by 4.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 29,556 shares of the company’s stock worth $852,000 after purchasing an additional 1,368 shares during the period. Legal & General Group Plc boosted its stake in e.l.f. Beauty by 63.3% in the 2nd quarter. Legal & General Group Plc now owns 4,155 shares of the company’s stock worth $112,000 after purchasing an additional 1,610 shares during the period. Geode Capital Management LLC boosted its stake in e.l.f. Beauty by 2.2% in the 1st quarter. Geode Capital Management LLC now owns 100,544 shares of the company’s stock worth $2,895,000 after purchasing an additional 2,145 shares during the period. Finally, Citigroup Inc. boosted its stake in e.l.f. Beauty by 130.5% in the 2nd quarter. Citigroup Inc. now owns 5,662 shares of the company’s stock worth $154,000 after purchasing an additional 3,206 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

e.l.f. Beauty (NYSE:ELF) traded down $1.10 during trading on Thursday, hitting $22.43. 364,300 shares of the stock traded hands, compared to its average volume of 632,279. The company has a quick ratio of 0.95, a current ratio of 2.17 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $1,088.49, a PE ratio of 54.72, a PEG ratio of 3.47 and a beta of 3.56. e.l.f. Beauty has a twelve month low of $18.52 and a twelve month high of $31.57.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.14. The business had revenue of $71.90 million during the quarter, compared to analysts’ expectations of $68.38 million. e.l.f. Beauty had a net margin of 7.02% and a return on equity of 13.90%. The business’s revenue was up 27.7% on a year-over-year basis. During the same period last year, the firm posted $0.09 earnings per share. equities research analysts forecast that e.l.f. Beauty will post 0.35 earnings per share for the current year.

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About e.l.f. Beauty

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)

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