Shares of e.l.f. Beauty Inc (NYSE:ELF) have earned a consensus recommendation of “Buy” from the thirteen analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $23.87.
ELF has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of e.l.f. Beauty from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Piper Jaffray Companies lowered shares of e.l.f. Beauty from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $26.00 to $23.00 in a research note on Wednesday, November 8th. Wells Fargo & Co restated a “hold” rating on shares of e.l.f. Beauty in a research note on Monday, January 8th. JPMorgan Chase & Co. lowered shares of 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. Finally, KeyCorp initiated coverage on shares of e.l.f. Beauty in a research note on Wednesday, December 20th. They set a “sector weight” rating for the company.
Shares of e.l.f. Beauty (NYSE ELF) traded down $0.07 during mid-day trading on Tuesday, reaching $20.17. 93,455 shares of the company’s stock were exchanged, compared to its average volume of 509,096. The company has a market cap of $936.30 and a price-to-earnings ratio of 53.55. The company has a quick ratio of 0.95, a current ratio of 2.17 and a debt-to-equity ratio of 0.89. e.l.f. Beauty has a fifty-two week low of $18.20 and a fifty-two week high of $31.10.
Institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. boosted its holdings in e.l.f. Beauty by 130.5% during the 2nd quarter. Citigroup Inc. now owns 5,662 shares of the company’s stock worth $154,000 after acquiring an additional 3,206 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new position in e.l.f. Beauty during the 4th quarter worth $178,000. MetLife Investment Advisors LLC purchased a new position in e.l.f. Beauty during the 4th quarter worth $225,000. New England Research & Management Inc. purchased a new position in e.l.f. Beauty during the 3rd quarter worth $246,000. Finally, Voya Investment Management LLC purchased a new position in shares of e.l.f. Beauty in the 2nd quarter worth about $255,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.
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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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