Citigroup Reiterates “$15.00” Price Target for e.l.f. Beauty (ELF)

Citigroup set a $15.00 price target on e.l.f. Beauty (NYSE:ELF) in a research note released on Wednesday. The firm currently has a hold rating on the stock.

ELF has been the subject of a number of other reports. DA Davidson reiterated a neutral rating and issued a $12.25 price target (down from $23.00) on shares of e.l.f. Beauty in a research note on Thursday, August 9th. SunTrust Banks decreased their price target on e.l.f. Beauty to $14.00 and set a buy rating for the company in a research note on Monday, August 13th. BMO Capital Markets increased 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. Zacks Investment Research cut e.l.f. Beauty from a hold rating to a sell rating in a research note on Friday, July 27th. Finally, Jefferies Financial Group set a $13.00 price objective on e.l.f. Beauty and gave the company a hold rating in a report on Wednesday, September 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $14.25.

e.l.f. Beauty stock traded down $0.21 during midday trading on Wednesday, reaching $13.01. The company’s stock had a trading volume of 544,081 shares, compared to its average volume of 690,886. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.72 and a current ratio of 3.49. e.l.f. Beauty has a 52-week low of $9.30 and a 52-week high of $23.85. The stock has a market cap of $648.54 million, a PE ratio of 27.10, a price-to-earnings-growth ratio of 6.12 and a beta of 1.35.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Monday, November 5th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.09. e.l.f. Beauty had a return on equity of 10.60% and a net margin of 10.11%. The company had revenue of $63.90 million during the quarter, compared to analysts’ expectations of $60.09 million. During the same period last year, the business posted $0.17 earnings per share. The firm’s revenue was down 11.1% compared to the same quarter last year. As a group, sell-side analysts predict that e.l.f. Beauty will post 0.37 EPS for the current fiscal year.

In other news, CEO Tarang Amin acquired 65,600 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were acquired at an average cost of $10.76 per share, with a total value of $705,856.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John P. Bailey sold 86,600 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $13.35, for a total value of $1,156,110.00. The disclosure for this sale can be found here. Insiders sold 488,040 shares of company stock worth $6,148,730 over the last three months. Corporate insiders own 16.50% of the company’s stock.

A number of institutional investors have recently bought and sold shares of ELF. Canada Pension Plan Investment Board acquired a new stake in e.l.f. Beauty during the second quarter worth about $10,642,000. FMR LLC grew its holdings in e.l.f. Beauty by 13.7% during the second quarter. FMR LLC now owns 3,949,700 shares of the company’s stock worth $60,193,000 after acquiring an additional 477,400 shares during the period. Confluence Investment Management LLC acquired a new stake in e.l.f. Beauty during the third quarter worth about $5,446,000. Millennium Management LLC grew its holdings in e.l.f. Beauty by 1,608.9% during the second quarter. Millennium Management LLC now owns 172,632 shares of the company’s stock worth $2,631,000 after acquiring an additional 162,530 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in e.l.f. Beauty by 19.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 870,793 shares of the company’s stock worth $13,271,000 after acquiring an additional 139,610 shares during the period. 86.83% of the stock is currently owned by hedge funds and other 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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