e.l.f. Beauty (NYSE:ELF) had its price objective raised by Jefferies Financial Group from $14.00 to $18.00 in a research report sent to investors on Wednesday morning, 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.
ELF has been the topic of several other research reports. DA Davidson began coverage on shares of Business First Bancshares in a report on Wednesday. They issued a neutral rating and a $28.00 target price on the stock. TheStreet downgraded shares of Primeenergy Resources from a b- rating to a c rating in a report on Friday, July 5th. JPMorgan Chase & Co. assumed coverage on shares of Pinduoduo in a report on Tuesday, July 9th. They set an underweight rating and a $20.48 price objective on the stock. Morgan Stanley set a $17.00 price objective on shares of BOX and gave the stock a hold rating in a report on Tuesday, June 4th. Finally, ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $12.86.
Shares of NYSE:ELF opened at $16.44 on Wednesday. The stock has a market capitalization of $818.55 million, a P/E ratio of 43.26, a price-to-earnings-growth ratio of 18.51 and a beta of 2.38. The company has a 50-day moving average price of $12.83. The company has a current ratio of 3.30, a quick ratio of 2.22 and a debt-to-equity ratio of 0.61. e.l.f. Beauty has a fifty-two week low of $6.70 and a fifty-two week high of $16.98.
e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, May 8th. The company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The firm had revenue of $66.14 million during the quarter, compared to analysts’ expectations of $56.91 million. e.l.f. Beauty had a negative net margin of 1.15% and a positive return on equity of 8.88%. As a group, sell-side analysts forecast that e.l.f. Beauty will post 0.15 earnings per share for the current fiscal year.
In other e.l.f. Beauty news, insider Jonathan T. Fieldman sold 39,260 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $15.00, for a total value of $588,900.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Maureen C. Watson sold 5,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $11.98, for a total transaction of $59,900.00. The disclosure for this sale can be found here. Insiders sold 3,087,560 shares of company stock worth $33,476,522 in the last ninety days. Insiders own 17.10% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers raised its holdings in e.l.f. Beauty by 49.2% during the fourth quarter. Rhumbline Advisers now owns 29,254 shares of the company’s stock valued at $253,000 after acquiring an additional 9,651 shares during the period. PNC Financial Services Group Inc. bought a new stake in e.l.f. Beauty during the fourth quarter valued at about $32,000. California Public Employees Retirement System bought a new stake in e.l.f. Beauty during the fourth quarter valued at about $151,000. BlackRock Inc. raised its holdings in e.l.f. Beauty by 2.1% during the fourth quarter. BlackRock Inc. now owns 1,536,370 shares of the company’s stock valued at $13,304,000 after acquiring an additional 31,569 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in e.l.f. Beauty by 1.1% during 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 during the period. 82.56% of the stock is currently owned by institutional investors.
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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