e.l.f. Beauty Inc. (NYSE:ELF) – Stock analysts at SunTrust Banks dropped their Q4 2017 earnings estimates for shares of e.l.f. Beauty in a note issued to investors on Wednesday. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings of $0.13 per share for the quarter, down from their prior forecast of $0.15.
A number of other equities research analysts also recently weighed in on ELF. Citigroup Inc. started coverage on e.l.f. Beauty in a report on Tuesday, July 25th. They set a “buy” rating and a $30.00 target price for the company. BMO Capital Markets set a $38.00 target price on e.l.f. Beauty and gave the stock a “buy” rating in a report on Tuesday, August 8th. Stifel Nicolaus set a $25.00 target price on e.l.f. Beauty and gave the stock a “hold” rating in a report on Thursday, August 10th. Piper Jaffray Companies set a $32.00 target price on e.l.f. Beauty and gave the stock a “buy” rating in a report on Thursday, August 10th. Finally, DA Davidson started coverage on e.l.f. Beauty in a report on Wednesday, September 6th. They set a “buy” rating and a $26.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. e.l.f. Beauty has an average rating of “Buy” and an average price target of $24.27.
e.l.f. Beauty (NYSE ELF) opened at $19.05 on Monday. The company has a current ratio of 2.17, a quick ratio of 0.95 and a debt-to-equity ratio of 0.89. e.l.f. Beauty has a 52-week low of $18.52 and a 52-week high of $32.54. The company has a market cap of $881.25, a price-to-earnings ratio of 44.30, a price-to-earnings-growth ratio of 3.34 and a beta of 3.53.
e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.14. e.l.f. Beauty had a net margin of 7.02% and a return on equity of 13.90%. The firm had revenue of $71.90 million during the quarter, compared to analysts’ expectations of $68.38 million. During the same period in the previous year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was up 27.7% compared to the same quarter last year.
A number of hedge funds have recently bought and sold shares of ELF. Bank of New York Mellon Corp raised its stake in e.l.f. Beauty by 7.2% in the first quarter. Bank of New York Mellon Corp now owns 50,987 shares of the company’s stock valued at $1,469,000 after purchasing an additional 3,421 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in e.l.f. Beauty by 31.4% in the first quarter. Parametric Portfolio Associates LLC now owns 23,821 shares of the company’s stock valued at $686,000 after purchasing an additional 5,691 shares in the last quarter. American International Group Inc. acquired a new position in e.l.f. Beauty in the first quarter valued at about $162,000. Vanguard Group Inc. raised its stake in e.l.f. Beauty by 67.3% in the first quarter. Vanguard Group Inc. now owns 1,322,465 shares of the company’s stock valued at $38,087,000 after purchasing an additional 531,777 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in e.l.f. Beauty by 2.2% in the first 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 in the last quarter. 87.01% of the stock is owned by institutional investors and hedge funds.
In related news, insider Jonathan T. Fieldman sold 4,137 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $23.00, for a total value of $95,151.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John P. Bailey sold 6,159 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $24.72, for a total value of $152,250.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,468 shares of company stock valued at $348,359. 16.50% of the stock is owned by insiders.
About e.l.f. Beauty
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.
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