BMO Capital Markets Analysts Give e.l.f. Beauty Inc. (ELF) a $38.00 Price Target

BMO Capital Markets set a $38.00 target price on e.l.f. Beauty Inc. (NYSE:ELF) in a report published on Tuesday. The brokerage currently has a buy rating on the stock.

Several other equities research 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 stock a buy rating in a research note on Saturday, June 10th. Cowen and Company restated an outperform rating and issued a $34.00 price objective on shares of e.l.f. Beauty in a research note on Monday, June 12th. Jefferies Group LLC assumed coverage on shares of e.l.f. Beauty in a research note on Friday, June 2nd. They issued a buy rating and a $30.00 price objective on the stock. Citigroup Inc. assumed coverage on shares of e.l.f. Beauty in a research note on Tuesday, July 25th. They issued a buy rating and a $30.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of e.l.f. Beauty from a sell rating to a hold rating in a research note on Monday, May 29th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $30.98.

Shares of e.l.f. Beauty (NYSE ELF) opened at 25.19 on Tuesday. The firm’s market capitalization is $1.16 billion. The company has a 50-day moving average of $25.77 and a 200 day moving average of $26.42. e.l.f. Beauty has a 12-month low of $22.98 and a 12-month high of $32.54.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.07. The business had revenue of $55.90 million for the quarter, compared to the consensus estimate of $55.73 million. e.l.f. Beauty had a net margin of 4.16% and a return on equity of 10.86%. The company’s revenue was up 26.8% on a year-over-year basis. On average, analysts predict that e.l.f. Beauty will post $0.46 EPS for the current year.

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In other e.l.f. Beauty news, insider Tarang Amin sold 47,380 shares of e.l.f. Beauty stock in a transaction on Monday, June 19th. The shares were sold at an average price of $26.09, for a total transaction of $1,236,144.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John P. Bailey sold 16,666 shares of e.l.f. Beauty stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $28.00, for a total transaction of $466,648.00. The disclosure for this sale can be found here. Insiders have sold 171,078 shares of company stock worth $4,434,318 in the last quarter. Corporate insiders own 16.50% of the company’s stock.

A number of large investors have recently bought and sold shares of ELF. State Street Corp acquired a new stake in e.l.f. Beauty during the fourth quarter worth $3,535,000. FMR LLC acquired a new stake in e.l.f. Beauty during the fourth quarter worth $5,481,000. Metropolitan Life Insurance Co. NY acquired a new stake in e.l.f. Beauty during the fourth quarter worth $313,000. Norges Bank acquired a new stake in e.l.f. Beauty during the fourth quarter worth $1,447,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in e.l.f. Beauty during the fourth quarter worth $2,831,000. Hedge funds and other institutional investors own 95.65% 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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