A number of other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. set a $11.00 target price on e.l.f. Beauty and gave the company a sell rating in a report on Thursday, September 13th. Zacks Investment Research upgraded e.l.f. Beauty from a sell rating to a hold rating in a report on Monday, August 13th. ValuEngine upgraded e.l.f. Beauty from a sell rating to a hold rating in a report on Wednesday, August 8th. TheStreet downgraded e.l.f. Beauty from a c- rating to a d+ rating in a report on Monday, July 16th. Finally, Jefferies Financial Group downgraded e.l.f. Beauty from a buy rating to a hold rating and upped their target price for the company from $18.00 to $30.00 in a report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $14.25.
NYSE ELF traded down $0.21 on Tuesday, hitting $13.01. 544,081 shares of the company were exchanged, compared to its average volume of 690,886. The company has a current ratio of 3.49, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66. The company has a market cap of $648.54 million, a PE ratio of 27.10, a PEG ratio of 6.12 and a beta of 1.35. e.l.f. Beauty has a twelve month low of $9.30 and a twelve month high of $23.85.
In related news, insider John P. Bailey sold 86,600 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $13.35, for a total value of $1,156,110.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jonathan T. Fieldman sold 68,312 shares of the stock in a transaction that occurred 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. Insiders sold 488,040 shares of company stock worth $6,148,730 in the last 90 days. 16.50% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in ELF. Canada Pension Plan Investment Board boosted its position in e.l.f. Beauty by 41.6% during the third quarter. Canada Pension Plan Investment Board now owns 988,910 shares of the company’s stock worth $12,589,000 after purchasing an additional 290,610 shares during the period. BlackRock Inc. boosted its position in e.l.f. Beauty by 4.2% during the third quarter. BlackRock Inc. now owns 1,504,801 shares of the company’s stock worth $19,157,000 after purchasing an additional 60,782 shares during the period. Cim Investment Mangement Inc. bought a new stake in e.l.f. Beauty during the third quarter worth approximately $404,000. Bank of New York Mellon Corp boosted its position in e.l.f. Beauty by 10.6% during the third quarter. Bank of New York Mellon Corp now owns 97,233 shares of the company’s stock worth $1,238,000 after purchasing an additional 9,287 shares during the period. Finally, Victory Capital Management Inc. boosted its position in e.l.f. Beauty by 48.3% during the third quarter. Victory Capital Management Inc. now owns 15,754 shares of the company’s stock worth $201,000 after purchasing an additional 5,130 shares during the period. Hedge funds and other institutional investors own 86.83% of the company’s stock.
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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