JPMorgan Chase & Co. set a $11.00 price target on e.l.f. Beauty (NYSE:ELF) in a research note issued to investors on Thursday. The brokerage currently has a sell rating on the stock.

ELF has been the topic of several other research reports. BMO Capital Markets set a $13.00 target price on shares of e.l.f. Beauty and gave the company a hold rating in a report on Wednesday, August 8th. Oppenheimer started coverage on shares of e.l.f. Beauty in a report on Thursday, May 24th. They set an outperform rating on the stock. ValuEngine raised shares of e.l.f. Beauty from a sell rating to a hold rating in a report on Wednesday, August 8th. TheStreet lowered shares of e.l.f. Beauty from a c- rating to a d+ rating in a report on Monday, July 16th. Finally, Zacks Investment Research raised shares of e.l.f. Beauty from a sell rating to a hold rating in a report on Monday, August 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $16.44.

ELF stock opened at $13.11 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 3.58. e.l.f. Beauty has a 52 week low of $9.30 and a 52 week high of $23.85. The firm has a market cap of $639.50 million, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 6.20 and a beta of 1.10.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, August 8th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.07. e.l.f. Beauty had a net margin of 10.52% and a return on equity of 11.60%. The company had revenue of $59.06 million for the quarter, compared to analyst estimates of $59.20 million. During the same quarter last year, the firm earned $0.12 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. research analysts expect that e.l.f. Beauty will post 0.32 earnings per share for the current year.

In other e.l.f. Beauty news, insider John P. Bailey sold 43,300 shares of the stock in a transaction on Thursday, July 5th. The shares were sold at an average price of $16.26, for a total transaction of $704,058.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tarang Amin purchased 65,600 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were purchased at an average cost of $10.76 per share, with a total value of $705,856.00. The disclosure for this purchase can be found here. Corporate insiders own 16.50% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC boosted its position in e.l.f. Beauty by 13.7% during the 2nd quarter. FMR LLC now owns 3,949,700 shares of the company’s stock valued at $60,193,000 after buying an additional 477,400 shares during the period. BlackRock Inc. boosted its position in e.l.f. Beauty by 7.1% during the 2nd quarter. BlackRock Inc. now owns 1,444,019 shares of the company’s stock valued at $22,008,000 after buying an additional 95,788 shares during the period. Massachusetts Financial Services Co. MA boosted its position in e.l.f. Beauty by 19.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 870,793 shares of the company’s stock valued at $13,271,000 after buying an additional 139,610 shares during the period. Canada Pension Plan Investment Board purchased a new stake in e.l.f. Beauty during the 2nd quarter valued at $10,642,000. Finally, Stephens Investment Management Group LLC boosted its position in e.l.f. Beauty by 3.5% during the 2nd quarter. Stephens Investment Management Group LLC now owns 547,999 shares of the company’s stock valued at $8,763,000 after buying an additional 18,724 shares during the period. 87.82% of the stock is owned by institutional investors and hedge funds.

About e.l.f. Beauty

e.l.f. Beauty, Inc operates as a beauty company. The company offers cosmetics, including face makeup, eye makeup, lip products, nail products, and cosmetics sets/kits; and skin care products under the e.l.f. brand name. It sells its products through direct-to-consumer channels, which include e-commerce and e.l.f.

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Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

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