e.l.f. Beauty Inc. (ELF) Rating Reiterated by Jefferies Group LLC

e.l.f. Beauty Inc. (NYSE:ELF)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Group LLC in a research report issued to clients and investors on Monday. They currently have a $30.00 target price on the stock. Jefferies Group LLC’s price objective would suggest a potential upside of 48.88% from the company’s current price.

A number of other research firms have also recently issued reports on ELF. Cowen and Company reissued an “outperform” rating and set a $34.00 price objective on shares of e.l.f. Beauty in a research report on Monday, June 12th. BMO Capital Markets reissued an “outperform” rating and set a $38.00 price objective on shares of e.l.f. Beauty in a research report on Monday, June 12th. Piper Jaffray Companies set a $34.00 price objective on e.l.f. Beauty and gave the company a “buy” rating in a research report on Saturday, June 10th. Citigroup Inc. began coverage on e.l.f. Beauty in a research report on Tuesday, July 25th. They set a “buy” rating and a $30.00 price objective for the company. Finally, Zacks Investment Research raised e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $30.59.

e.l.f. Beauty (ELF) opened at 20.15 on Monday. e.l.f. Beauty has a 52-week low of $19.72 and a 52-week high of $32.54. The stock’s market capitalization is $928.92 million. The company’s 50-day moving average price is $20.01 and its 200 day moving average price is $26.82.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.07. e.l.f. Beauty had a return on equity of 10.54% and a net margin of 4.16%. The business had revenue of $55.90 million for the quarter, compared to the consensus estimate of $55.73 million. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. On average, equities research analysts anticipate that e.l.f. Beauty will post $0.46 earnings per share for the current year.

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In other e.l.f. Beauty news, insider Tarang Amin sold 47,380 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $26.09, for a total value of $1,236,144.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John P. Bailey sold 33,334 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $26.32, for a total value of $877,350.88. The disclosure for this sale can be found here. Insiders sold 177,237 shares of company stock valued at $4,586,569 in the last ninety days. Insiders own 16.50% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Sterling Capital Management LLC lifted its position in shares of e.l.f. Beauty by 56.3% in the second quarter. Sterling Capital Management LLC now owns 41,348 shares of the company’s stock worth $1,125,000 after buying an additional 14,891 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of e.l.f. Beauty by 92.1% in the second quarter. California State Teachers Retirement System now owns 36,700 shares of the company’s stock worth $999,000 after buying an additional 17,600 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of e.l.f. Beauty by 91.4% in the second quarter. The Manufacturers Life Insurance Company now owns 17,097 shares of the company’s stock worth $465,000 after buying an additional 8,163 shares during the last quarter. State Street Corp lifted its position in shares of e.l.f. Beauty by 110.9% in the second quarter. State Street Corp now owns 329,869 shares of the company’s stock worth $8,975,000 after buying an additional 173,427 shares during the last quarter. Finally, Fred Alger Management Inc. acquired a new stake in shares of e.l.f. Beauty in the second quarter worth about $4,131,000. 86.06% of the stock is owned by institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.

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

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