JPMorgan Chase & Co. Reiterates “$11.00” Price Target for e.l.f. Beauty (ELF)

JPMorgan Chase & Co. set a $11.00 target price on e.l.f. Beauty (NYSE:ELF) in a report issued on Thursday. The brokerage currently has a sell rating on the stock.

A number of other brokerages have also issued reports on ELF. Zacks Investment Research raised 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 objective on e.l.f. Beauty and gave the stock a hold rating in a research note on Wednesday, August 8th. Jefferies Financial Group lowered e.l.f. Beauty from a buy rating to a hold rating and raised their price objective for the stock from $18.00 to $30.00 in a research note on Thursday, August 9th. Citigroup lowered e.l.f. Beauty from a buy rating to a neutral rating and reduced their price objective for the stock from $24.00 to $16.00 in a research note on Thursday, August 9th. Finally, Piper Jaffray Companies lowered e.l.f. Beauty from a neutral rating to an underweight rating and raised their price objective for the stock from $17.00 to $23.00 in a research note on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $16.44.

NYSE ELF traded up $0.08 on Thursday, reaching $13.24. 1,890 shares of the stock traded hands, compared to its average volume of 691,796. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 3.58. The firm has a market cap of $639.50 million, a P/E ratio of 27.42, a PEG ratio of 6.20 and a beta of 1.10. e.l.f. Beauty has a 12 month low of $9.30 and a 12 month high of $23.85.

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

In other news, insider John P. Bailey sold 43,300 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $16.26, for a total value of $704,058.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin acquired 65,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was bought 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. 16.50% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new stake in shares of e.l.f. Beauty during the 2nd quarter worth approximately $112,000. Diversified Trust Co purchased a new position in e.l.f. Beauty during the second quarter worth about $169,000. SG Americas Securities LLC purchased a new position in e.l.f. Beauty during the second quarter worth about $185,000. Nisa Investment Advisors LLC bought a new stake in e.l.f. Beauty in the second quarter worth about $207,000. Finally, Fox Run Management L.L.C. bought a new stake in e.l.f. Beauty in the second quarter worth about $211,000. 87.82% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

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.

Further Reading: Moving Average (MA)

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

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