Stifel Nicolaus Reiterates Hold Rating for e.l.f. Beauty Inc. (NYSE:ELF)
e.l.f. Beauty Inc. (NYSE:ELF)‘s stock had its “hold” rating reaffirmed by Stifel Nicolaus in a research report issued to clients and investors on Thursday. They currently have a $25.00 target price on the stock. Stifel Nicolaus’ target price would indicate a potential downside of 0.68% from the stock’s previous close.
Several other analysts also recently issued reports 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 report on Thursday, May 11th. Cowen and Company set a $34.00 price objective on shares of e.l.f. Beauty and gave the company a “buy” rating in a research report on Thursday, May 11th. Zacks Investment Research raised shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Tuesday, May 9th. BMO Capital Markets set a $38.00 price objective on shares of e.l.f. Beauty and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $30.00 price objective on shares of e.l.f. Beauty in a research report on Monday, June 19th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $31.14.
e.l.f. Beauty (NYSE:ELF) opened at 25.17 on Thursday. The firm’s market cap is $1.15 billion. The company has a 50 day moving average of $25.87 and a 200-day moving average of $26.44. e.l.f. Beauty has a one year low of $23.73 and a one year high of $32.54.
e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.04. The business had revenue of $60.60 million during the quarter, compared to analysts’ expectations of $59.87 million. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, equities research analysts predict that e.l.f. Beauty will post $0.43 earnings per share for the current year.
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In other e.l.f. Beauty news, insider John P. Bailey sold 33,334 shares of e.l.f. Beauty stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $26.32, for a total value of $877,350.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tarang Amin sold 47,380 shares of e.l.f. Beauty stock in a transaction on Monday, June 19th. The stock was sold at an average price of $26.09, for a total transaction of $1,236,144.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 165,078 shares of company stock valued at $4,285,638. 16.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in ELF. Fortaleza Asset Management Inc. acquired a new position in e.l.f. Beauty during the second quarter worth approximately $107,000. Legal & General Group Plc increased its position in e.l.f. Beauty by 63.3% in the second 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. First Mercantile Trust Co. acquired a new position in e.l.f. Beauty during the first quarter worth approximately $150,000. American International Group Inc. acquired a new position in e.l.f. Beauty during the first quarter worth approximately $162,000. Finally, Invictus RG acquired a new position in e.l.f. Beauty during the first quarter worth approximately $200,000. 95.65% of the stock is owned by hedge funds and other institutional investors.
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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