e.l.f. Beauty Inc. (ELF) Downgraded by Piper Jaffray Companies

Piper Jaffray Companies cut shares of e.l.f. Beauty Inc. (NYSE:ELF) from an overweight rating to a neutral rating in a research report sent to investors on Wednesday morning, MarketBeat.com reports. Piper Jaffray Companies currently has $23.00 target price on the stock, down from their previous target price of $26.00.

Several other equities analysts also recently issued reports on ELF. Zacks Investment Research raised shares of e.l.f. Beauty from a sell rating to a hold rating in a research note on Tuesday, July 11th. Citigroup Inc. initiated coverage on shares of e.l.f. Beauty in a research note on Tuesday, July 25th. They set a buy rating and a $30.00 price target for the company. BMO Capital Markets set a $38.00 price target on shares of e.l.f. Beauty and gave the company a buy rating in a research note on Tuesday, August 8th. Stifel Nicolaus set a $25.00 price target on shares of e.l.f. Beauty and gave the company a hold rating in a research note on Thursday, August 10th. Finally, DA Davidson initiated coverage on shares of e.l.f. Beauty in a research note on Wednesday, September 6th. They set a buy rating and a $26.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $24.27.

Shares of e.l.f. Beauty (NYSE:ELF) traded up $0.14 during trading on Wednesday, reaching $19.05. 649,400 shares of the company’s stock were exchanged, compared to its average volume of 625,566. e.l.f. Beauty has a 1 year low of $18.52 and a 1 year high of $32.54. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.13 and a quick ratio of 0.70. The firm has a market capitalization of $881.25, a price-to-earnings ratio of 44.30, a P/E/G ratio of 3.44 and a beta of 3.53.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 8th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14. e.l.f. Beauty had a net margin of 7.02% and a return on equity of 14.33%. The firm had revenue of $71.90 million for the quarter, compared to analyst estimates of $68.38 million. During the same quarter last year, the business posted $0.09 earnings per share. The company’s quarterly revenue was up 27.7% on a year-over-year basis. research analysts expect that e.l.f. Beauty will post 0.3 earnings per share for the current year.

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In related news, insider John P. Bailey sold 6,159 shares of e.l.f. Beauty stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $24.72, for a total transaction of $152,250.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan T. Fieldman sold 4,137 shares of e.l.f. Beauty stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $23.00, for a total transaction of $95,151.00. The disclosure for this sale can be found here. Insiders have sold 15,468 shares of company stock valued at $348,359 in the last ninety days. Insiders own 16.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC raised its stake in e.l.f. Beauty by 2.5% during the second quarter. Neuberger Berman Group LLC now owns 12,510 shares of the company’s stock worth $340,000 after buying an additional 310 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in e.l.f. Beauty by 4.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 29,556 shares of the company’s stock worth $852,000 after buying an additional 1,368 shares during the last quarter. Legal & General Group Plc raised its stake in e.l.f. Beauty by 63.3% during the second quarter. Legal & General Group Plc now owns 4,155 shares of the company’s stock worth $112,000 after buying an additional 1,610 shares during the last quarter. Geode Capital Management LLC raised its stake in e.l.f. Beauty by 2.2% during the first quarter. Geode Capital Management LLC now owns 100,544 shares of the company’s stock worth $2,895,000 after buying an additional 2,145 shares during the last quarter. Finally, Citigroup Inc. raised its stake in e.l.f. Beauty by 130.5% during the second quarter. Citigroup Inc. now owns 5,662 shares of the company’s stock worth $154,000 after buying an additional 3,206 shares during the last quarter. 86.46% of the stock is owned by institutional investors and hedge funds.

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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