e.l.f. Beauty Inc. (ELF) Downgraded by Zacks Investment Research to Sell

e.l.f. Beauty Inc. (NYSE:ELF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “e.l.f. Beauty, Inc. operates as a cosmetic company. Its cosmetic category primarily consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, excludes beauty tools and accessories, such as brushes and applicators. e.l.f. Beauty, Inc. is based in Oakland, United States. “

Several other equities analysts have also issued reports on ELF. Stifel Nicolaus set a $25.00 price target on e.l.f. Beauty and gave the stock a “hold” rating in a research report on Thursday, August 10th. DA Davidson restated a “buy” rating and set a $26.00 price target on shares of e.l.f. Beauty in a research report on Wednesday, September 27th. Cowen and Company restated an “outperform” rating and set a $34.00 price target on shares of e.l.f. Beauty in a research report on Monday, June 12th. Piper Jaffray Companies set a $32.00 price target on e.l.f. Beauty and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, BMO Capital Markets restated an “outperform” rating and set a $38.00 price target on shares of e.l.f. Beauty in a research report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $30.56.

e.l.f. Beauty (ELF) traded down 0.38% during trading on Tuesday, hitting $21.11. The company has a 50-day moving average of $20.76 and a 200-day moving average of $20.76. The company’s market cap is $973.17 million. e.l.f. Beauty has a 1-year low of $18.84 and a 1-year high of $32.54.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.07. e.l.f. Beauty had a return on equity of 10.54% and a net margin of 4.16%. The business had revenue of $55.90 million for the quarter, compared to analyst estimates of $55.73 million. The firm’s revenue was up 26.8% on a year-over-year basis. Equities analysts anticipate that e.l.f. Beauty will post $0.45 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This article was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/11/e-l-f-beauty-inc-elf-downgraded-by-zacks-investment-research-to-sell.html.

In other e.l.f. Beauty news, insider John P. Bailey sold 6,159 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $26.18, for a total value of $161,242.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tarang Amin sold 47,380 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $25.00, for a total value of $1,184,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,029 shares of company stock valued at $1,900,743. Company insiders own 16.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fortaleza Asset Management Inc. purchased a new stake in e.l.f. Beauty in the 2nd quarter worth approximately $107,000. Legal & General Group Plc lifted its holdings in 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 worth $112,000 after buying an additional 1,610 shares during the period. Citigroup Inc. lifted its holdings in e.l.f. Beauty by 130.5% in the 2nd quarter. Citigroup Inc. now owns 5,662 shares of the company’s stock worth $154,000 after buying an additional 3,206 shares during the period. American International Group Inc. purchased a new stake in e.l.f. Beauty in the 1st quarter worth approximately $162,000. Finally, Invictus RG purchased a new stake in e.l.f. Beauty in the 1st quarter worth approximately $200,000. Institutional investors and hedge funds own 86.06% 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.

According to Zacks, “e.l.f. Beauty, Inc. operates as a cosmetic company. Its cosmetic category primarily consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, excludes beauty tools and accessories, such as brushes and applicators. e.l.f. Beauty, Inc. is based in Oakland, United States. “

Several other equities analysts have also issued reports on ELF. Stifel Nicolaus set a $25.00 price target on e.l.f. Beauty and gave the stock a “hold” rating in a research report on Thursday, August 10th. DA Davidson restated a “buy” rating and set a $26.00 price target on shares of e.l.f. Beauty in a research report on Wednesday, September 27th. Cowen and Company restated an “outperform” rating and set a $34.00 price target on shares of e.l.f. Beauty in a research report on Monday, June 12th. Piper Jaffray Companies set a $32.00 price target on e.l.f. Beauty and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, BMO Capital Markets restated an “outperform” rating and set a $38.00 price target on shares of e.l.f. Beauty in a research report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $30.56.

e.l.f. Beauty (ELF) traded down 0.38% during trading on Tuesday, hitting $21.11. The company has a 50-day moving average of $20.76 and a 200-day moving average of $20.76. The company’s market cap is $973.17 million. e.l.f. Beauty has a 1-year low of $18.84 and a 1-year high of $32.54.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.07. e.l.f. Beauty had a return on equity of 10.54% and a net margin of 4.16%. The business had revenue of $55.90 million for the quarter, compared to analyst estimates of $55.73 million. The firm’s revenue was up 26.8% on a year-over-year basis. Equities analysts anticipate that e.l.f. Beauty will post $0.45 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This article was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/11/e-l-f-beauty-inc-elf-downgraded-by-zacks-investment-research-to-sell.html.

In other e.l.f. Beauty news, insider John P. Bailey sold 6,159 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $26.18, for a total value of $161,242.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tarang Amin sold 47,380 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $25.00, for a total value of $1,184,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,029 shares of company stock valued at $1,900,743. Company insiders own 16.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fortaleza Asset Management Inc. purchased a new stake in e.l.f. Beauty in the 2nd quarter worth approximately $107,000. Legal & General Group Plc lifted its holdings in 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 worth $112,000 after buying an additional 1,610 shares during the period. Citigroup Inc. lifted its holdings in e.l.f. Beauty by 130.5% in the 2nd quarter. Citigroup Inc. now owns 5,662 shares of the company’s stock worth $154,000 after buying an additional 3,206 shares during the period. American International Group Inc. purchased a new stake in e.l.f. Beauty in the 1st quarter worth approximately $162,000. Finally, Invictus RG purchased a new stake in e.l.f. Beauty in the 1st quarter worth approximately $200,000. Institutional investors and hedge funds own 86.06% 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.

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

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