e.l.f. Beauty (NYSE:ELF) had its price objective raised by DA Davidson to $19.00 in a report published on Wednesday morning, The Fly reports. DA Davidson currently has a buy rating on the stock.
Several other brokerages also recently weighed in on ELF. Zacks Investment Research downgraded HEXO from a hold rating to a sell rating in a report on Wednesday, May 15th. Jefferies Financial Group initiated coverage on Middleby in a report on Wednesday, April 3rd. They set a hold rating and a $135.00 target price for the company. Citigroup set a $13.00 target price on e.l.f. Beauty and gave the stock a hold rating in a report on Monday, May 13th. TheStreet downgraded Primeenergy Resources from a b- rating to a c rating in a report on Friday, July 5th. Finally, JPMorgan Chase & Co. initiated coverage on Pinduoduo in a report on Tuesday, July 9th. They set an underweight rating and a $20.48 target price for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently 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 company has a debt-to-equity ratio of 0.61, a quick ratio of 2.22 and a current ratio of 3.30. The firm has a market capitalization of $818.55 million, a P/E ratio of 43.26, a PEG ratio of 18.51 and a beta of 2.38. The business has a 50-day simple moving average of $12.83. e.l.f. Beauty has a fifty-two week low of $6.70 and a fifty-two week high of $16.98.
In related news, insider Jonathan T. Fieldman sold 39,260 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $15.00, for a total transaction of $588,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott Milsten sold 27,000 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $14.00, for a total value of $378,000.00. The disclosure for this sale can be found here. Insiders have sold 3,087,560 shares of company stock valued at $33,476,522 in the last ninety days. Corporate insiders own 17.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. purchased a new position in e.l.f. Beauty during the fourth quarter valued at approximately $32,000. Quantamental Technologies LLC purchased a new position in e.l.f. Beauty during the first quarter valued at approximately $36,000. BNP Paribas Arbitrage SA raised its position in e.l.f. Beauty by 862.1% during the first quarter. BNP Paribas Arbitrage SA now owns 5,253 shares of the company’s stock valued at $56,000 after acquiring an additional 4,707 shares in the last quarter. Mycio Wealth Partners LLC purchased a new position in e.l.f. Beauty during the first quarter valued at approximately $106,000. Finally, CHICAGO TRUST Co NA purchased a new position in e.l.f. Beauty during the first quarter valued at approximately $117,000. 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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