Jefferies Financial Group Downgrades e.l.f. Beauty (NYSE:ELF) to Hold

e.l.f. Beauty (NYSE:ELF) was downgraded by stock analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Wednesday, MarketBeat Ratings reports. They presently have a $20.00 price objective on the stock, down from their prior price objective of $20.50. Jefferies Financial Group’s target price indicates a potential upside of 22.10% from the stock’s previous close. Jefferies Financial Group also issued estimates for e.l.f. Beauty’s Q3 2020 earnings at $0.09 EPS, Q4 2020 earnings at ($0.01) EPS, FY2020 earnings at $0.26 EPS, Q2 2021 earnings at $0.07 EPS and FY2021 earnings at $0.38 EPS. The analysts noted that the move was a valuation call.

Several other brokerages also recently commented on ELF. DA Davidson set a $21.00 price target on shares of e.l.f. Beauty and gave the company a “buy” rating in a research report on Thursday, August 22nd. Piper Jaffray Companies upped their price target on shares of e.l.f. Beauty from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Citigroup upped their price target on shares of e.l.f. Beauty from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. upped their price target on shares of e.l.f. Beauty from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus upped their price target on shares of e.l.f. Beauty from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $17.73.

Shares of NYSE:ELF traded down $0.01 during mid-day trading on Wednesday, hitting $16.38. The stock had a trading volume of 641,121 shares, compared to its average volume of 624,480. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.03 and a current ratio of 3.12. The company has a market cap of $819.49 million, a PE ratio of 37.23, a P/E/G ratio of 16.02 and a beta of 2.35. e.l.f. Beauty has a 12-month low of $6.70 and a 12-month high of $19.96. The company’s 50 day moving average is $17.39 and its 200-day moving average is $15.39.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.11. The business had revenue of $67.60 million during the quarter, compared to the consensus estimate of $61.07 million. e.l.f. Beauty had a net margin of 0.73% and a return on equity of 8.09%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 EPS. On average, equities research analysts predict that e.l.f. Beauty will post 0.27 EPS for the current fiscal year.

In other e.l.f. Beauty news, CEO Tarang Amin sold 6,723 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $16.01, for a total value of $107,635.23. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Tpg Growth Ii Advisors, Inc. sold 3,268,860 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $16.73, for a total transaction of $54,688,027.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,583,382 shares of company stock worth $60,552,600. Company insiders own 17.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lisanti Capital Growth LLC acquired a new position in shares of e.l.f. Beauty during the 3rd quarter worth $2,511,000. Boston Advisors LLC acquired a new position in shares of e.l.f. Beauty during the 3rd quarter worth $1,751,000. Arcus Capital Partners LLC acquired a new position in shares of e.l.f. Beauty during the 3rd quarter worth $175,000. Oppenheimer Asset Management Inc. acquired a new position in shares of e.l.f. Beauty during the 3rd quarter worth $140,000. Finally, California Public Employees Retirement System increased its stake in shares of e.l.f. Beauty by 9.6% during the 3rd quarter. California Public Employees Retirement System now owns 106,061 shares of the company’s stock worth $1,857,000 after purchasing an additional 9,248 shares during the last quarter. Institutional investors own 85.24% of the company’s stock.

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

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