e.l.f. Beauty Inc (NYSE:ELF) Given Consensus Recommendation of “Hold” by Analysts

Shares of e.l.f. Beauty Inc (NYSE:ELF) have been assigned an average recommendation of “Hold” from the fourteen brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $17.67.

A number of brokerages recently issued reports on ELF. William Blair reissued a “buy” rating on shares of e.l.f. Beauty in a report on Friday, December 20th. ValuEngine lowered e.l.f. Beauty from a “sell” rating to a “strong sell” rating in a report on Friday, January 10th. Zacks Investment Research lowered e.l.f. Beauty from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Morgan Stanley raised e.l.f. Beauty from an “equal” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $20.00 in a report on Monday, December 16th. Finally, Wells Fargo & Co increased their price objective on e.l.f. Beauty from $12.00 to $13.00 and gave the stock an “underperform” rating in a report on Tuesday, October 15th.

In other news, major shareholder Tpg Growth Ii Advisors, Inc. sold 3,565,550 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $15.73, for a total transaction of $56,086,101.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 15,682 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $16.00, for a total value of $250,912.00. The disclosure for this sale can be found here. Insiders sold 3,711,089 shares of company stock valued at $58,658,955 over the last 90 days. 17.10% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the company. Convergence Investment Partners LLC acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at $98,000. NEXT Financial Group Inc acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at $121,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at $140,000. Metropolitan Life Insurance Co NY acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at $161,000. Finally, Arcus Capital Partners LLC acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at $175,000. Institutional investors own 83.33% of the company’s stock.

ELF stock traded down $0.10 on Tuesday, reaching $14.92. The company’s stock had a trading volume of 367,649 shares, compared to its average volume of 591,279. e.l.f. Beauty has a 52 week low of $6.70 and a 52 week high of $19.96. The company has a market capitalization of $750.99 million, a P/E ratio of 497.50, a price-to-earnings-growth ratio of 14.68 and a beta of 2.29. The firm has a fifty day moving average of $15.39 and a two-hundred day moving average of $16.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.12 and a quick ratio of 2.03.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. e.l.f. Beauty had a return on equity of 8.09% and a net margin of 0.73%. The business had revenue of $67.60 million during the quarter, compared to analyst estimates of $61.07 million. During the same period in the prior year, the company posted $0.17 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts expect that e.l.f. Beauty will post 0.27 EPS for the current fiscal year.

e.l.f. Beauty Company Profile

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.

Featured Article: What is a Tariff?

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

Receive News & Ratings for e.l.f. Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for e.l.f. Beauty and related companies with MarketBeat.com's FREE daily email newsletter.