e.l.f. Beauty (ELF) Coverage Initiated by Analysts at KeyCorp
Other research analysts have also recently issued reports about the company. DA Davidson reaffirmed a buy rating and set a $26.00 price objective on shares of e.l.f. Beauty in a research report on Wednesday, September 27th. Jefferies Group reissued a buy rating and issued a $30.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, September 26th. Piper Jaffray Companies set a $26.00 target price on e.l.f. Beauty and gave the company a buy rating in a research report on Wednesday, October 18th. Citigroup decreased their target price on e.l.f. Beauty from $30.00 to $24.00 and set a buy rating for the company in a research report on Friday, November 10th. Finally, Morgan Stanley decreased their target price on e.l.f. Beauty from $23.00 to $21.00 and set an equal weight rating for the company in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $23.70.
e.l.f. Beauty (NYSE:ELF) traded up $0.08 during trading hours on Wednesday, hitting $23.03. The stock had a trading volume of 270,100 shares, compared to its average volume of 620,381. The firm has a market cap of $1,061.66, a PE ratio of 53.37, a P/E/G ratio of 3.39 and a beta of 3.56. e.l.f. Beauty has a twelve month low of $18.52 and a twelve month high of $31.10. The company has a current ratio of 2.17, a quick ratio of 0.95 and a debt-to-equity ratio of 0.89.
In other e.l.f. Beauty news, insider Scott Milsten sold 5,172 shares of the company’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan T. Fieldman sold 4,137 shares of the company’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 value of $95,151.00. The disclosure for this sale can be found here. 16.50% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of ELF. Renaissance Technologies LLC purchased a new stake in e.l.f. Beauty during the 1st quarter valued at approximately $544,000. Schwab Charles Investment Management Inc. raised its stake in shares of e.l.f. Beauty by 4.9% during the 1st 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 in the last quarter. Rhumbline Advisers raised its stake in shares of e.l.f. Beauty by 127.2% during the 2nd quarter. Rhumbline Advisers now owns 23,168 shares of the company’s stock worth $630,000 after buying an additional 12,970 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of e.l.f. Beauty by 75.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 89,706 shares of the company’s stock worth $2,441,000 after buying an additional 38,719 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of e.l.f. Beauty by 63.3% during the 2nd 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 in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.
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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.
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