KeyCorp assumed coverage on shares of e.l.f. Beauty (NYSE:ELF) in a research note published on Wednesday morning. The brokerage issued a sector weight rating on the stock.

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.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 return on equity of 13.90% and a net margin of 7.02%. The business’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 EPS. research analysts forecast that e.l.f. Beauty will post 0.35 EPS for the current fiscal year.

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.

ILLEGAL ACTIVITY NOTICE: “e.l.f. Beauty (ELF) Coverage Initiated by Analysts at KeyCorp” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/e-l-f-beauty-elf-coverage-initiated-by-analysts-at-keycorp/1776388.html.

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)

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