e.l.f. Beauty (NYSE:ELF) Upgraded to Overweight by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of e.l.f. Beauty (NYSE:ELF) from a neutral rating to an overweight rating in a research note issued to investors on Tuesday, Briefing.com Automated Import reports. The firm currently has $17.00 price target on the stock, up from their prior price target of $11.00.

ELF has been the topic of a number of other reports. TheStreet downgraded shares of Primeenergy Resources from a b- rating to a c rating in a research report on Friday, July 5th. DA Davidson started coverage on shares of Heartland Banccorp in a research report on Tuesday, April 16th. They issued a buy rating and a $96.00 target price on the stock. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Zacks Investment Research downgraded shares of HEXO from a hold rating to a sell rating in a research report on Wednesday, May 15th. Finally, Citigroup set a $13.00 target price on shares of e.l.f. Beauty and gave the company a hold rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $12.86.

Shares of NYSE:ELF opened at $16.44 on Tuesday. e.l.f. Beauty has a 52 week low of $6.70 and a 52 week high of $16.98. The firm has a 50 day moving average price of $12.83. 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 $816.56 million, a P/E ratio of 37.36, a PEG ratio of 18.47 and a beta of 2.38.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). e.l.f. Beauty had a negative net margin of 1.15% and a positive return on equity of 8.88%. The firm had revenue of $66.14 million during the quarter, compared to analysts’ expectations of $56.91 million. As a group, research analysts expect that e.l.f. Beauty will post 0.15 earnings per share for the current fiscal year.

In related news, Director Sabrina Simmons sold 5,200 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $12.01, for a total value of $62,452.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Milsten sold 3,700 shares of the firm’s 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. Insiders have sold a total of 3,087,560 shares of company stock worth $33,476,522 over the last three months. 17.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ELF. Millennium Management LLC lifted its stake in shares of e.l.f. Beauty by 2,523.4% in the fourth quarter. Millennium Management LLC now owns 522,510 shares of the company’s stock valued at $4,525,000 after purchasing an additional 502,593 shares during the period. Sapience Investments LLC lifted its stake in shares of e.l.f. Beauty by 88.9% in the first quarter. Sapience Investments LLC now owns 1,058,184 shares of the company’s stock valued at $11,217,000 after purchasing an additional 497,874 shares during the period. Portolan Capital Management LLC lifted its stake in shares of e.l.f. Beauty by 45.9% in the fourth quarter. Portolan Capital Management LLC now owns 1,396,818 shares of the company’s stock valued at $12,096,000 after purchasing an additional 439,404 shares during the period. Two Sigma Investments LP acquired a new stake in shares of e.l.f. Beauty in the fourth quarter valued at about $2,312,000. Finally, Bank of Montreal Can lifted its stake in shares of e.l.f. Beauty by 118.7% in the first quarter. Bank of Montreal Can now owns 267,494 shares of the company’s stock valued at $2,836,000 after purchasing an additional 145,196 shares during the period. Hedge funds and other institutional investors own 82.56% of the company’s stock.

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

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