e.l.f. Beauty (ELF) Now Covered by Analysts at KeyCorp

Stock analysts at KeyCorp assumed coverage on shares of e.l.f. Beauty (NYSE:ELF) in a research report issued to clients and investors on Wednesday. The firm set a “sector weight” rating on the stock.

Other research analysts have also issued research reports about the company. Piper Jaffray Companies lowered e.l.f. Beauty from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $26.00 to $23.00 in a research report on Wednesday, November 8th. Jefferies Group reaffirmed a “buy” rating and set a $30.00 price target on shares of e.l.f. Beauty in a research report on Monday, September 11th. DA Davidson assumed coverage on e.l.f. Beauty in a research report on Wednesday, September 6th. They set a “buy” rating and a $26.00 price target on the stock. Zacks Investment Research lowered e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, Wells Fargo & Company reaffirmed a “hold” rating and set a $19.00 price target on shares of e.l.f. Beauty in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. e.l.f. Beauty has a consensus rating of “Hold” and a consensus target price of $23.70.

Shares of e.l.f. Beauty (NYSE:ELF) traded up $0.08 during trading on Wednesday, reaching $23.03. The company had a trading volume of 270,100 shares, compared to its average volume of 620,381. e.l.f. Beauty has a 1-year low of $18.52 and a 1-year high of $31.10. The firm has a market cap of $1,061.66, a price-to-earnings ratio of 53.37, a PEG ratio of 3.39 and a beta of 3.56. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.95 and a current ratio of 2.17.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, November 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.14. e.l.f. Beauty had a return on equity of 13.90% and a net margin of 7.02%. The business had revenue of $71.90 million for the quarter, compared to analyst estimates of $68.38 million. During the same quarter last year, the firm earned $0.09 EPS. e.l.f. Beauty’s revenue for the quarter was up 27.7% compared to the same quarter last year. analysts anticipate that e.l.f. Beauty will post 0.35 EPS for the current fiscal year.

In related news, insider Jonathan T. Fieldman sold 4,137 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $23.00, for a total transaction of $95,151.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Scott Milsten sold 5,172 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $19.52, for a total value of $100,957.44. The disclosure for this sale can be found here. 16.50% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the stock. TimesSquare Capital Management LLC boosted its stake in e.l.f. Beauty by 22.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,746,500 shares of the company’s stock valued at $39,384,000 after purchasing an additional 316,500 shares during the period. Vanguard Group Inc. boosted its stake in e.l.f. Beauty by 20.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,598,033 shares of the company’s stock valued at $43,482,000 after purchasing an additional 275,568 shares during the period. Oak Ridge Investments LLC boosted its stake in e.l.f. Beauty by 5.5% in the 2nd quarter. Oak Ridge Investments LLC now owns 1,478,678 shares of the company’s stock valued at $40,235,000 after purchasing an additional 77,625 shares during the period. Alliancebernstein L.P. boosted its stake in e.l.f. Beauty by 11.3% in the 2nd quarter. Alliancebernstein L.P. now owns 1,150,642 shares of the company’s stock valued at $31,309,000 after purchasing an additional 116,929 shares during the period. Finally, Capital World Investors bought a new stake in e.l.f. Beauty in the 2nd quarter valued at $31,144,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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