e.l.f. Beauty Inc. (NYSE:ELF) Now Covered by Analysts at Citigroup Inc.

Citigroup Inc. assumed coverage on shares of e.l.f. Beauty Inc. (NYSE:ELF) in a research report released on Tuesday, July 25th, MarketBeat reports. The brokerage issued a buy rating and a $30.00 price objective on the stock.

Several other analysts have also commented on the stock. BMO Capital Markets set a $38.00 price target on shares of e.l.f. Beauty and gave the company a buy rating in a research report on Tuesday, May 2nd. Zacks Investment Research raised shares of e.l.f. Beauty from a hold rating to a buy rating and set a $31.00 price target on the stock in a research report on Tuesday, May 9th. Piper Jaffray Companies reissued an overweight rating and issued a $34.00 target price on shares of e.l.f. Beauty in a research report on Monday, May 1st. Cowen and Company set a $34.00 target price on e.l.f. Beauty and gave the company a buy rating in a research report on Thursday, May 11th. Finally, Jefferies Group LLC reissued a buy rating and issued a $30.00 target price on shares of e.l.f. Beauty in a research report on Monday, June 19th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $30.98.

Shares of e.l.f. Beauty (NYSE:ELF) traded down 4.09% during mid-day trading on Tuesday, reaching $23.01. The company had a trading volume of 1,346,984 shares. e.l.f. Beauty has a one year low of $22.50 and a one year high of $32.54. The firm has a 50 day moving average of $25.40 and a 200-day moving average of $26.38. The stock’s market capitalization is $1.06 billion.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.07. The firm had revenue of $55.90 million for the quarter, compared to analyst estimates of $55.73 million. e.l.f. Beauty had a net margin of 4.16% and a return on equity of 10.54%. The business’s revenue was up 26.8% on a year-over-year basis. Analysts forecast that e.l.f. Beauty will post $0.46 EPS for the current fiscal year.

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In other news, insider Tarang Amin sold 47,380 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $26.09, for a total value of $1,236,144.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John P. Bailey sold 33,334 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $26.32, for a total transaction of $877,350.88. The disclosure for this sale can be found here. Insiders sold 171,078 shares of company stock valued at $4,434,318 in the last 90 days. 16.50% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC boosted its position in shares of e.l.f. Beauty by 2.5% in the second quarter. Neuberger Berman Group LLC now owns 12,510 shares of the company’s stock worth $340,000 after buying an additional 310 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of e.l.f. Beauty by 4.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 29,556 shares of the company’s stock worth $852,000 after buying an additional 1,368 shares during the period. Legal & General Group Plc boosted its position in shares of 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 worth $112,000 after buying an additional 1,610 shares during the period. Geode Capital Management LLC boosted its position in shares of e.l.f. Beauty by 2.2% in the first quarter. Geode Capital Management LLC now owns 100,544 shares of the company’s stock worth $2,895,000 after buying an additional 2,145 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of e.l.f. Beauty by 29.6% in the first quarter. Jane Street Group LLC now owns 12,401 shares of the company’s stock worth $357,000 after buying an additional 2,836 shares during the period. 96.87% of the stock is owned by hedge funds and other 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)

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