e.l.f. Beauty Inc. (NYSE:ELF) has been given a $38.00 target price by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday, August 8th. The firm presently has a “buy” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 65.15% from the company’s current price.
ELF has been the subject of a number of other research reports. Jefferies Group LLC restated a “buy” rating and issued a $30.00 target price on shares of e.l.f. Beauty in a research note on Monday, June 19th. Zacks Investment Research upgraded e.l.f. Beauty from a “sell” rating to a “hold” rating in a research note on Monday, May 29th. Piper Jaffray Companies set a $34.00 target price on e.l.f. Beauty and gave the company a “buy” rating in a research note on Saturday, June 10th. Cowen and Company set a $34.00 target price on e.l.f. Beauty and gave the company a “buy” rating in a research note on Thursday, May 11th. Finally, Citigroup Inc. assumed coverage on e.l.f. Beauty in a research note on Tuesday, July 25th. They issued a “buy” rating and a $30.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $30.98.
e.l.f. Beauty (ELF) opened at 23.01 on Tuesday. e.l.f. Beauty has a 12 month low of $22.50 and a 12 month high of $32.54. The firm’s market capitalization is $1.06 billion. The stock’s 50 day moving average price is $25.40 and its 200-day moving average price is $26.38.
e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, August 9th. The company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.07. The company 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 company’s revenue was up 26.8% on a year-over-year basis. Equities analysts anticipate that e.l.f. Beauty will post $0.46 EPS for the current fiscal year.
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In other e.l.f. Beauty news, insider Scott Milsten sold 6,000 shares of e.l.f. Beauty stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $24.78, for a total transaction of $148,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John P. Bailey sold 33,334 shares of e.l.f. Beauty stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $26.32, for a total value of $877,350.88. The disclosure for this sale can be found here. Insiders have sold 171,078 shares of company stock valued at $4,434,318 in the last quarter. 16.50% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ELF. Fortaleza Asset Management Inc. acquired a new position in e.l.f. Beauty during the second quarter valued at $107,000. Legal & General Group Plc boosted its position 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 buying an additional 1,610 shares in the last quarter. First Mercantile Trust Co. acquired a new position in e.l.f. Beauty during the first quarter valued at $150,000. American International Group Inc. acquired a new position in e.l.f. Beauty during the first quarter valued at $162,000. Finally, Citigroup Inc. boosted its position 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 buying an additional 3,206 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.
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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