e.l.f. Beauty (ELF) Given New $22.00 Price Target at Citigroup
Other analysts have also recently issued reports about the company. DA Davidson reduced their price objective on e.l.f. Beauty to $23.00 and set a buy rating on the stock in a research note on Monday, January 15th. Zacks Investment Research upgraded e.l.f. Beauty from a hold rating to a buy rating and set a $22.00 price objective on the stock in a research note on Wednesday, January 10th. Morgan Stanley reduced their price objective on e.l.f. Beauty from $23.00 to $21.00 and set an equal weight rating on the stock in a research note on Thursday, November 9th. Wells Fargo & Co reiterated a hold rating and issued a $19.00 price objective on shares of e.l.f. Beauty in a research note on Thursday, November 9th. Finally, BMO Capital Markets cut e.l.f. Beauty from an outperform rating to a hold rating and set a $24.00 price objective on the stock. in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. e.l.f. Beauty currently has an average rating of Hold and a consensus price target of $22.18.
Shares of e.l.f. Beauty (ELF) traded up $0.19 during midday trading on Thursday, hitting $18.39. The stock had a trading volume of 54,255 shares, compared to its average volume of 531,243. The firm has a market capitalization of $850.99, a PE ratio of 38.72, a P/E/G ratio of 2.77 and a beta of 1.68. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.95 and a current ratio of 2.17. e.l.f. Beauty has a twelve month low of $17.76 and a twelve month high of $31.10.
Institutional investors have recently bought and sold shares of the business. Compagnie Lombard Odier SCmA purchased a new position in shares of e.l.f. Beauty during the fourth quarter worth about $178,000. MetLife Investment Advisors LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter worth about $225,000. Voya Investment Management LLC purchased a new position in shares of e.l.f. Beauty during the second quarter worth about $255,000. Essex Investment Management Co. LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter worth about $323,000. Finally, Arlington Partners LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter worth about $396,000. Institutional investors own 88.66% of the company’s stock.
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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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