e.l.f. Beauty (NYSE:ELF) had its price target lifted by DA Davidson to $19.00 in a report released on Wednesday, The Fly reports. DA Davidson currently has a buy rating on the stock.
Several other research analysts also recently issued reports on ELF. Morgan Stanley set a $17.00 price objective on shares of BOX and gave the stock a hold rating in a research report on Tuesday, June 4th. TheStreet downgraded shares of Primeenergy Resources from a b- rating to a c rating in a research report on Friday, July 5th. JPMorgan Chase & Co. started coverage on shares of Pinduoduo in a research report on Tuesday. They set an underweight rating and a $20.48 price objective on the stock. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Finally, Citigroup set a $13.00 price objective on shares of e.l.f. Beauty and gave the stock a hold rating in a research report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. e.l.f. Beauty presently has an average rating of Hold and an average target price of $12.50.
e.l.f. Beauty stock traded down $0.55 during midday trading on Wednesday, hitting $16.40. 1,061,800 shares of the company’s stock were exchanged, compared to its average volume of 734,354. e.l.f. Beauty has a 12-month low of $6.70 and a 12-month high of $16.98. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.22 and a current ratio of 3.30. The stock has a market cap of $708.01 million, a PE ratio of 37.27, a price-to-earnings-growth ratio of 16.18 and a beta of 2.38. The business has a 50 day moving average price of $12.73.
e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). e.l.f. Beauty had a positive return on equity of 8.88% and a negative net margin of 1.15%. The business had revenue of $66.14 million for the quarter, compared to analysts’ expectations of $56.91 million. Research analysts anticipate that e.l.f. Beauty will post 0.15 earnings per share for the current fiscal year.
In other news, Director Maureen C. Watson sold 5,000 shares of e.l.f. Beauty stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $11.98, for a total value of $59,900.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Scott Milsten sold 3,700 shares of e.l.f. Beauty stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $12.69, for a total transaction of $46,953.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,087,560 shares of company stock worth $33,476,522. Insiders own 17.10% of the company’s stock.
Several large investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in shares of e.l.f. Beauty by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 98,342 shares of the company’s stock valued at $851,000 after acquiring an additional 1,109 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of e.l.f. Beauty in the first quarter valued at about $36,000. PNC Financial Services Group Inc. purchased a new stake in shares of e.l.f. Beauty in the fourth quarter valued at about $32,000. BNP Paribas Arbitrage SA boosted its holdings in shares of e.l.f. Beauty by 862.1% in the first quarter. BNP Paribas Arbitrage SA now owns 5,253 shares of the company’s stock valued at $56,000 after acquiring an additional 4,707 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of e.l.f. Beauty by 32.5% in the first quarter. Victory Capital Management Inc. now owns 21,728 shares of the company’s stock valued at $230,000 after acquiring an additional 5,334 shares in the last quarter. 82.56% of the stock is currently owned by institutional investors and hedge funds.
About e.l.f. Beauty
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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