e.l.f. Beauty (NYSE:ELF) Price Target Raised to $20.00

e.l.f. Beauty (NYSE:ELF) had its price objective lifted by analysts at SunTrust Banks to $20.00 in a report released on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the stock. SunTrust Banks’ price target indicates a potential upside of 11.67% from the stock’s previous close.

Several other research analysts have also commented on the company. TheStreet upgraded e.l.f. Beauty from a “d+” rating to a “c-” rating in a research report on Friday, July 5th. Piper Jaffray Companies upgraded e.l.f. Beauty from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $8.00 to $16.00 in a research report on Thursday. JPMorgan Chase & Co. upgraded e.l.f. Beauty from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $11.00 to $17.00 in a research report on Tuesday, July 9th. Morgan Stanley upgraded e.l.f. Beauty from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $6.00 to $10.50 in a research report on Tuesday, June 4th. Finally, Citigroup set a $13.00 price target on e.l.f. Beauty and gave the stock a “hold” rating in a research report on Friday, July 26th. One equities research analyst has 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 presently has a consensus rating of “Hold” and a consensus price target of $14.14.

e.l.f. Beauty stock traded up $1.36 during mid-day trading on Thursday, hitting $17.91. The company’s stock had a trading volume of 24,817 shares, compared to its average volume of 729,745. The firm has a market cap of $788.68 million, a price-to-earnings ratio of 40.70, a PEG ratio of 16.29 and a beta of 2.39. e.l.f. Beauty has a 1 year low of $6.70 and a 1 year high of $17.35. The company has a quick ratio of 2.22, a current ratio of 3.30 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average price of $15.46.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.01 by $0.07. 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 $59.80 million during the quarter, compared to analyst estimates of $54.93 million. During the same period last year, the business posted $0.13 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, analysts predict that e.l.f. Beauty will post 0.17 earnings per share for the current fiscal year.

In other e.l.f. Beauty news, insider Scott Milsten sold 3,700 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $12.02, for a total value of $44,474.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Tpg Growth Ii Advisors, Inc. sold 3,000,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $10.75, for a total value of $32,250,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,096,486 shares of company stock worth $33,640,073. 17.10% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB raised its stake in e.l.f. Beauty by 2.8% in the first quarter. Nordea Investment Management AB now owns 367,992 shares of the company’s stock valued at $3,901,000 after buying an additional 9,919 shares in the last quarter. Marshall Wace North America L.P. increased its position in shares of e.l.f. Beauty by 30.0% during the first quarter. Marshall Wace North America L.P. now owns 37,453 shares of the company’s stock worth $397,000 after purchasing an additional 8,637 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $376,000. Victory Capital Management Inc. increased its position in shares of e.l.f. Beauty by 32.5% during the first quarter. Victory Capital Management Inc. now owns 21,728 shares of the company’s stock worth $230,000 after purchasing an additional 5,334 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of e.l.f. Beauty by 38.2% during the first quarter. Nisa Investment Advisors LLC now owns 25,700 shares of the company’s stock worth $272,000 after purchasing an additional 7,100 shares in the last quarter. Institutional investors own 82.39% 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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