Jefferies Financial Group Analysts Give e.l.f. Beauty (ELF) a $13.00 Price Target

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Jefferies Financial Group set a $13.00 target price on e.l.f. Beauty (NYSE:ELF) in a research note released on Wednesday morning. The firm currently has a hold rating on the stock.

A number of other brokerages have also commented on ELF. Zacks Investment Research upgraded shares of e.l.f. Beauty from a sell rating to a hold rating in a research note on Tuesday, July 10th. BMO Capital Markets set a $13.00 price target on shares of e.l.f. Beauty and gave the stock a hold rating in a research note on Wednesday, August 8th. Citigroup lowered shares of e.l.f. Beauty from a buy rating to a neutral rating and reduced their price target for the stock from $24.00 to $16.00 in a research note on Thursday, August 9th. Piper Jaffray Companies lowered shares of e.l.f. Beauty from a neutral rating to an underweight rating and lifted their price target for the stock from $17.00 to $23.00 in a research note on Thursday, August 9th. Finally, Oppenheimer assumed coverage on shares of e.l.f. Beauty in a research note on Thursday, May 24th. They issued an outperform rating for the company. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $16.44.

Shares of ELF stock opened at $13.11 on Wednesday. e.l.f. Beauty has a 52 week low of $9.30 and a 52 week high of $23.85. The company has a market capitalization of $639.50 million, a PE ratio of 29.87, a P/E/G ratio of 6.20 and a beta of 1.10. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.58 and a quick ratio of 1.72.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. e.l.f. Beauty had a net margin of 10.52% and a return on equity of 11.60%. The firm had revenue of $59.06 million during the quarter, compared to analyst estimates of $59.20 million. During the same period in the previous year, the business posted $0.12 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. equities research analysts anticipate that e.l.f. Beauty will post 0.32 EPS for the current fiscal year.

In related news, insider John P. Bailey sold 43,300 shares of the business’s stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $16.26, for a total transaction of $704,058.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tarang Amin bought 65,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were acquired at an average price of $10.76 per share, with a total value of $705,856.00. The disclosure for this purchase can be found here. Insiders own 16.50% of the company’s stock.

A number of large investors have recently modified their holdings of ELF. Point72 Hong Kong Ltd purchased a new position in e.l.f. Beauty during the second quarter valued at approximately $112,000. Diversified Trust Co purchased a new position in e.l.f. Beauty during the second quarter valued at approximately $169,000. SG Americas Securities LLC purchased a new position in e.l.f. Beauty during the second quarter valued at approximately $185,000. Nisa Investment Advisors LLC purchased a new position in e.l.f. Beauty during the second quarter valued at approximately $207,000. Finally, Fox Run Management L.L.C. purchased a new position in e.l.f. Beauty during the second quarter valued at approximately $211,000. 87.82% of the stock is currently owned by institutional investors and hedge funds.

About e.l.f. Beauty

e.l.f. Beauty, Inc operates as a beauty company. The company offers cosmetics, including face makeup, eye makeup, lip products, nail products, and cosmetics sets/kits; and skin care products under the e.l.f. brand name. It sells its products through direct-to-consumer channels, which include e-commerce and e.l.f.

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

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