“We are currently modeling a +17% CAGR for both net sales and adjusted EBITDA growth from FY16FY19, while consensus is currently at +16%/+17%, respectively. As such, we expect downward consensus estimate revisions. While current category trends are concerning (U.S. mass cosmetics category growth has slowed to down 3% from +3% in 2016), management had also previously viewed the slowdown as temporary. Clearly management now expects the category pressures to persist longer than previously expected. We expect shares to trade lower tomorrow in advance of additional commentary from management. We maintain our Market Perform rating.”,” the firm’s analyst commented.
Several other equities research analysts have also recently commented on the company. Piper Jaffray Companies cut e.l.f. Beauty from an overweight rating to a neutral rating and lowered their price target for the company from $26.00 to $23.00 in a research note on Wednesday, November 8th. Jefferies Group reissued a buy rating and issued a $30.00 price target on shares of e.l.f. Beauty in a research note on Monday, September 11th. Zacks Investment Research cut e.l.f. Beauty from a hold rating to a sell rating in a research note on Tuesday, October 10th. Cowen reissued an outperform rating and issued a $22.00 price target (down previously from $34.00) on shares of e.l.f. Beauty in a research note on Thursday, November 9th. Finally, JPMorgan Chase & Co. cut e.l.f. Beauty from a neutral rating to an underweight rating and set a $18.00 price target for the company. in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. e.l.f. Beauty currently has a consensus rating of Buy and an average target price of $23.56.
e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.14. The firm had revenue of $71.90 million for the quarter, compared to the consensus estimate of $68.38 million. e.l.f. Beauty had a return on equity of 13.90% and a net margin of 7.02%. The business’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. research analysts forecast that e.l.f. Beauty will post 0.35 earnings per share for the current fiscal year.
In other news, insider Jonathan T. Fieldman sold 4,137 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $23.00, for a total value of $95,151.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 16.50% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc boosted its position in shares of 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 valued at $112,000 after acquiring an additional 1,610 shares during the period. Citigroup Inc. raised its stake in shares of e.l.f. Beauty by 130.5% in the second quarter. Citigroup Inc. now owns 5,662 shares of the company’s stock valued at $154,000 after purchasing an additional 3,206 shares in the last quarter. New England Research & Management Inc. acquired a new position in shares of e.l.f. Beauty in the third quarter valued at $246,000. Voya Investment Management LLC acquired a new position in shares of e.l.f. Beauty in the second quarter valued at $255,000. Finally, Neuberger Berman Group LLC raised its stake in shares of e.l.f. Beauty by 2.5% in the second quarter. Neuberger Berman Group LLC now owns 12,510 shares of the company’s stock valued at $340,000 after purchasing an additional 310 shares in the last quarter. 91.24% of the stock is owned by institutional investors.
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e.l.f. Beauty Company Profile
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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