e.l.f. Beauty (ELF) Rating Increased to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of e.l.f. Beauty (NYSE:ELF) from a hold rating to a strong-buy rating in a report published on Thursday morning. They currently have $15.00 target price on the stock.

According to Zacks, “e.l.f. Beauty, Inc. operates as a cosmetic company. Its cosmetic category primarily consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, excludes beauty tools and accessories, such as brushes and applicators. e.l.f. Beauty, Inc. is based in Oakland, United States. “

A number of other analysts also recently weighed in on the company. Citigroup set a $15.00 price target on e.l.f. Beauty and gave the company a hold rating in a research note on Wednesday. JPMorgan Chase & Co. set a $11.00 price target on e.l.f. Beauty and gave the company a sell rating in a research note on Tuesday. BMO Capital Markets lifted their price target on e.l.f. Beauty from $13.00 to $14.00 and gave the company a hold rating in a research note on Tuesday. Jefferies Financial Group set a $13.00 price target on e.l.f. Beauty and gave the company a hold rating in a research note on Wednesday, September 12th. Finally, SunTrust Banks decreased their price target on e.l.f. Beauty to $14.00 and set a buy rating on the stock in a research note on Monday, August 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. e.l.f. Beauty has an average rating of Hold and an average price target of $15.85.

Shares of e.l.f. Beauty stock traded down $0.21 during trading on Thursday, reaching $13.01. The company’s stock had a trading volume of 544,460 shares, compared to its average volume of 572,514. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.58 and a quick ratio of 1.72. e.l.f. Beauty has a 12-month low of $9.30 and a 12-month high of $23.85. The company has a market cap of $629.51 million, a PE ratio of 27.10, a price-to-earnings-growth ratio of 6.10 and a beta of 1.35.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Monday, November 5th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.09. e.l.f. Beauty had a return on equity of 10.79% and a net margin of 10.11%. The firm had revenue of $63.90 million for the quarter, compared to the consensus estimate of $60.09 million. During the same period in the previous year, the business earned $0.17 earnings per share. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. On average, equities research analysts anticipate that e.l.f. Beauty will post 0.32 EPS for the current fiscal year.

In other news, CEO Tarang Amin acquired 65,600 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, August 14th. The stock was purchased at an average cost of $10.76 per share, with a total value of $705,856.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan T. Fieldman sold 68,312 shares of e.l.f. Beauty stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $13.46, for a total value of $919,479.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 488,040 shares of company stock valued at $6,148,730. 16.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in shares of e.l.f. Beauty in the second quarter worth $112,000. Diversified Trust Co acquired a new position in shares of e.l.f. Beauty in the second quarter worth $169,000. SG Americas Securities LLC acquired a new position in shares of e.l.f. Beauty in the second quarter worth $185,000. Nisa Investment Advisors LLC acquired a new position in shares of e.l.f. Beauty in the second quarter worth $207,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of e.l.f. Beauty in the second quarter worth $211,000. 86.83% of the stock is owned by institutional investors.

About e.l.f. Beauty

e.l.f. Beauty, Inc operates as a beauty company. The company offers cosmetics, including face makeup, eye makeup, lip products, nail products, and cosmetics sets/kits; and skin care products under the e.l.f. brand name. It sells its products through direct-to-consumer channels, which include e-commerce and e.l.f.

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