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.
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.
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