e.l.f. Beauty (NYSE:ELF) PT Raised to $18.00

e.l.f. Beauty (NYSE:ELF) had its price target increased by Jefferies Financial Group from $14.00 to $18.00 in a research report released on Wednesday, The Fly reports. They currently have a buy rating on the stock. Jefferies Financial Group also issued estimates for e.l.f. Beauty’s Q2 2020 earnings at $0.03 EPS, FY2020 earnings at $0.16 EPS, Q1 2021 earnings at $0.04 EPS, Q2 2021 earnings at $0.06 EPS, Q3 2021 earnings at $0.15 EPS, Q4 2021 earnings at $0.06 EPS and FY2021 earnings at $0.30 EPS.

A number of other equities analysts also recently issued reports on the company. TheStreet downgraded Primeenergy Resources from a b- rating to a c rating in a research report on Friday, July 5th. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. JPMorgan Chase & Co. initiated coverage on shares of Pinduoduo in a report on Tuesday, July 9th. They set an underweight rating and a $20.48 price target for the company. Morgan Stanley set a $17.00 price target on shares of BOX and gave the stock a hold rating in a report on Tuesday, June 4th. Finally, DA Davidson initiated coverage on shares of Business First Bancshares in a report on Wednesday. They set a neutral rating and a $28.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. e.l.f. Beauty presently has an average rating of Hold and an average price target of $12.86.

Shares of ELF stock opened at $16.44 on Wednesday. The business’s fifty day simple moving average is $12.83. The firm has a market capitalization of $818.55 million, a P/E ratio of 43.26, a PEG ratio of 18.51 and a beta of 2.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.22 and a current ratio of 3.30. e.l.f. Beauty has a 12-month low of $6.70 and a 12-month high of $16.98.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $66.14 million for the quarter, compared to analyst estimates of $56.91 million. e.l.f. Beauty had a positive return on equity of 8.88% and a negative net margin of 1.15%. As a group, sell-side analysts forecast that e.l.f. Beauty will post 0.15 earnings per share for the current year.

In related news, insider Jonathan T. Fieldman sold 39,260 shares of the stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $15.00, for a total transaction of $588,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Tpg Growth Ii Advisors, Inc. sold 3,000,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $10.75, for a total transaction of $32,250,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,087,560 shares of company stock valued at $33,476,522 in the last ninety days. 17.10% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Diversified Trust Co boosted its position in e.l.f. Beauty by 17.8% in the 2nd quarter. Diversified Trust Co now owns 15,850 shares of the company’s stock valued at $223,000 after buying an additional 2,400 shares during the period. Arlington Partners LLC purchased a new position in e.l.f. Beauty in the 2nd quarter valued at approximately $279,000. Nordea Investment Management AB boosted its position in e.l.f. Beauty by 2.8% in the 1st quarter. Nordea Investment Management AB now owns 367,992 shares of the company’s stock valued at $3,901,000 after buying an additional 9,919 shares during the period. Marshall Wace North America L.P. boosted its position in e.l.f. Beauty by 30.0% in the 1st quarter. Marshall Wace North America L.P. now owns 37,453 shares of the company’s stock valued at $397,000 after buying an additional 8,637 shares during the period. Finally, Champlain Investment Partners LLC boosted its position in e.l.f. Beauty by 2.3% in the 1st quarter. Champlain Investment Partners LLC now owns 3,505,480 shares of the company’s stock valued at $37,158,000 after buying an additional 79,905 shares during the period. 82.56% of the stock is owned by institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce and e.l.f.

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