e.l.f. Beauty Inc. (NYSE:ELF) – Stock analysts at Jefferies Group lowered their Q4 2017 earnings per share estimates for e.l.f. Beauty in a research note issued to investors on Tuesday. Jefferies Group analyst S. Wissink now expects that the company will earn $0.14 per share for the quarter, down from their prior forecast of $0.18. Jefferies Group currently has a “Buy” rating and a $30.00 target price on the stock. Jefferies Group also issued estimates for e.l.f. Beauty’s Q1 2018 earnings at $0.05 EPS, Q1 2019 earnings at $0.10 EPS and Q3 2019 earnings at $0.13 EPS.

A number of other research analysts have also commented on ELF. Piper Jaffray Companies set a $34.00 price objective on shares of e.l.f. Beauty and gave the company a “buy” rating in a research note on Saturday, June 10th. BMO Capital Markets restated an “outperform” rating and issued a $38.00 price target on shares of e.l.f. Beauty in a research report on Monday, June 12th. Cowen and Company restated an “outperform” rating and issued a $34.00 price target on shares of e.l.f. Beauty in a research report on Monday, June 12th. Zacks Investment Research upgraded shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Citigroup Inc. started coverage on shares of e.l.f. Beauty in a research report on Tuesday, July 25th. They issued a “buy” rating and a $30.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $30.56.

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Shares of e.l.f. Beauty (NYSE:ELF) opened at 21.62 on Wednesday. The firm’s market cap is $996.68 million. e.l.f. Beauty has a 12-month low of $18.84 and a 12-month high of $32.54. The company has a 50 day moving average price of $20.61 and a 200-day moving average price of $20.61.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, August 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.07. e.l.f. Beauty had a return on equity of 10.54% and a net margin of 4.16%. The company had revenue of $55.90 million for the quarter, compared to analysts’ expectations of $55.73 million. The business’s revenue was up 26.8% compared to the same quarter last year.

In other e.l.f. Beauty news, insider Scott Milsten sold 5,172 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $19.52, for a total value of $100,957.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John P. Bailey sold 6,159 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $26.18, for a total transaction of $161,242.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,029 shares of company stock worth $2,107,383. Company insiders own 16.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ELF. Morgan Stanley boosted its position in e.l.f. Beauty by 1,683.9% in the first quarter. Morgan Stanley now owns 3,197,658 shares of the company’s stock valued at $92,092,000 after buying an additional 3,018,407 shares in the last quarter. FMR LLC boosted its position in e.l.f. Beauty by 1,338.1% in the first quarter. FMR LLC now owns 2,723,783 shares of the company’s stock valued at $78,445,000 after buying an additional 2,534,383 shares in the last quarter. Capital World Investors acquired a new position in e.l.f. Beauty in the second quarter valued at about $31,144,000. TimesSquare Capital Management LLC boosted its position in e.l.f. Beauty by 115.0% in the second quarter. TimesSquare Capital Management LLC now owns 1,430,000 shares of the company’s stock valued at $38,910,000 after buying an additional 765,000 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in e.l.f. Beauty by 2,804.1% in the first quarter. Citadel Advisors LLC now owns 584,022 shares of the company’s stock valued at $16,820,000 after buying an additional 563,912 shares in the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

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.

Earnings History and Estimates for e.l.f. Beauty (NYSE:ELF)

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