e.l.f. Beauty (NYSE:ELF) PT Raised to $20.00 at SunTrust Banks

e.l.f. Beauty (NYSE:ELF) had its price target upped by analysts at SunTrust Banks to $20.00 in a report released on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the stock. SunTrust Banks’ price target points to a potential upside of 16.01% from the company’s current price.

ELF has been the subject of several other research reports. Zacks Investment Research upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Friday, July 12th. ValuEngine cut shares of e.l.f. Beauty from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. DA Davidson increased their target price on shares of e.l.f. Beauty to $19.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. upgraded shares of e.l.f. Beauty from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $11.00 to $17.00 in a report on Tuesday, July 9th. Finally, TheStreet upgraded shares of e.l.f. Beauty from a “d+” rating to a “c-” rating in a report on Friday, July 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.45.

Shares of e.l.f. Beauty stock traded down $0.07 on Thursday, hitting $17.24. The company had a trading volume of 596,346 shares, compared to its average volume of 553,419. The company has a market capitalization of $824.03 million, a price-to-earnings ratio of 41.38, a P/E/G ratio of 17.02 and a beta of 2.39. e.l.f. Beauty has a twelve month low of $6.70 and a twelve month high of $18.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.30 and a quick ratio of 2.22. The company has a 50-day simple moving average of $15.64.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.07. e.l.f. Beauty had a negative net margin of 0.23% and a positive return on equity of 9.12%. The company had revenue of $59.80 million during the quarter, compared to analysts’ expectations of $54.93 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts predict that e.l.f. Beauty will post 0.17 EPS for the current fiscal year.

In other e.l.f. Beauty news, insider Scott Milsten sold 3,700 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $12.02, for a total transaction of $44,474.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Tpg Growth Ii Advisors, Inc. sold 3,000,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $10.75, for a total transaction of $32,250,000.00. The disclosure for this sale can be found here. Insiders have sold 3,096,486 shares of company stock worth $33,640,073 over the last ninety days. Insiders own 17.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Aperio Group LLC acquired a new position in shares of e.l.f. Beauty in the second quarter valued at about $28,000. Quantamental Technologies LLC bought a new position in e.l.f. Beauty in the 1st quarter valued at approximately $36,000. BNP Paribas Arbitrage SA raised its holdings in e.l.f. Beauty by 862.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,253 shares of the company’s stock valued at $56,000 after buying an additional 4,707 shares during the last quarter. Mycio Wealth Partners LLC bought a new position in e.l.f. Beauty in the 1st quarter valued at approximately $106,000. Finally, Prudential Financial Inc. bought a new position in e.l.f. Beauty in the 2nd quarter valued at approximately $177,000. 82.39% of the stock is currently owned by hedge funds and other institutional investors.

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.

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