e.l.f. Beauty Inc. (NYSE:ELF) received a $34.00 price objective from equities research analysts at Cowen and Company in a note issued to investors on Thursday, May 11th. The firm presently has a “buy” rating on the stock. Cowen and Company’s price objective would suggest a potential upside of 28.79% from the company’s previous close.
A number of other research firms also recently commented on ELF. Vetr upgraded shares of e.l.f. Beauty from a “buy” rating to a “strong-buy” rating and set a $33.72 price objective for the company in a report on Wednesday, February 22nd. BMO Capital Markets reissued an “outperform” rating and issued a $38.00 price target (up previously from $36.00) on shares of e.l.f. Beauty in a research note on Saturday, March 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 target for the company in a research note on Tuesday, May 9th. Wells Fargo & Company reissued a “market perform” rating and issued a $29.00 price target on shares of e.l.f. Beauty in a research note on Saturday, March 11th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $34.00 price target on shares of e.l.f. Beauty in a research note on Monday, May 1st. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $31.25.
Shares of e.l.f. Beauty (NYSE:ELF) opened at 26.40 on Thursday. The stock has a 50 day moving average price of $26.20 and a 200-day moving average price of $27.37. e.l.f. Beauty has a 1-year low of $23.73 and a 1-year high of $32.54. The company’s market cap is $1.21 billion.
e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, May 10th. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.04. The business had revenue of $60.60 million during the quarter, compared to analyst estimates of $59.87 million. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities research analysts forecast 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 Tarang Amin sold 592,752 shares of the stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $25.85, for a total transaction of $15,322,639.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Tpg Growth Ii Advisors, Inc. sold 5,793,720 shares of the stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $25.85, for a total transaction of $149,767,662.00. The disclosure for this sale can be found here.
Large investors have recently added to or reduced their stakes in the company. Artal Group S.A. purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth $4,341,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth $313,000. Alyeska Investment Group L.P. purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth $695,000. Davidson Kempner Capital Management LP purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth $868,000. Finally, Two Sigma Investments LP purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth $989,000. Institutional investors own 96.58% 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.
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