Cowen and Company reaffirmed their outperform rating on shares of e.l.f. Beauty Inc. (NYSE:ELF) in a research report sent to investors on Thursday, The Fly reports. They currently have a $22.00 price target on the stock, down from their previous price target of $34.00.

Other analysts also recently issued research reports about the stock. BMO Capital Markets set a $38.00 target price on shares of e.l.f. Beauty and gave the stock a buy rating in a research report on Tuesday, August 8th. Citigroup Inc. started coverage on shares of e.l.f. Beauty in a research report on Tuesday, July 25th. They set a buy rating and a $30.00 target price on the stock. Piper Jaffray Companies set a $26.00 target price on shares of e.l.f. Beauty and gave the stock a buy rating in a research report on Wednesday, October 18th. DA Davidson restated a buy rating and set a $26.00 price objective on shares of e.l.f. Beauty in a research note on Wednesday, September 27th. Finally, Jefferies Group LLC restated a buy rating and set a $30.00 price objective on shares of e.l.f. Beauty in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. e.l.f. Beauty presently has an average rating of Buy and a consensus price target of $24.27.

e.l.f. Beauty (NYSE ELF) traded up $0.14 during trading hours on Thursday, reaching $19.05. 649,400 shares of the company’s stock traded hands, compared to its average volume of 652,673. The stock has a market cap of $904.02 and a P/E ratio of 44.30. e.l.f. Beauty has a 12 month low of $18.52 and a 12 month high of $32.54. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.95 and a current ratio of 2.17.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 8th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.14. The company had revenue of $71.90 million for the quarter, compared to the consensus estimate of $68.38 million. e.l.f. Beauty had a net margin of 7.02% and a return on equity of 13.90%. e.l.f. Beauty’s revenue was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 EPS. research analysts anticipate that e.l.f. Beauty will post 0.3 earnings per share for the current fiscal year.

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In related news, insider Scott Milsten sold 5,172 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $19.52, for a total value of $100,957.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan T. Fieldman sold 4,137 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $23.00, for a total transaction of $95,151.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,468 shares of company stock valued at $348,359. Company insiders own 16.50% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Neuberger Berman Group LLC lifted its stake in shares of e.l.f. Beauty by 2.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 12,510 shares of the company’s stock valued at $340,000 after purchasing an additional 310 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of e.l.f. Beauty by 4.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 29,556 shares of the company’s stock valued at $852,000 after purchasing an additional 1,368 shares during the period. Legal & General Group Plc lifted its stake in shares of e.l.f. Beauty by 63.3% in the 2nd quarter. Legal & General Group Plc now owns 4,155 shares of the company’s stock valued at $112,000 after purchasing an additional 1,610 shares during the period. Geode Capital Management LLC lifted its stake in shares of e.l.f. Beauty by 2.2% in the 1st quarter. Geode Capital Management LLC now owns 100,544 shares of the company’s stock valued at $2,895,000 after purchasing an additional 2,145 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of e.l.f. Beauty by 130.5% in the 2nd quarter. Citigroup Inc. now owns 5,662 shares of the company’s stock valued at $154,000 after purchasing an additional 3,206 shares during the period. Hedge funds and other institutional investors own 87.01% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.

The Fly

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

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