e.l.f. Beauty (ELF) Rating Lowered to Underperform at Wells Fargo & Co

Wells Fargo & Co cut shares of e.l.f. Beauty (NYSE:ELF) from a market perform rating to an underperform rating in a research note published on Thursday morning, Marketbeat reports. They currently have $8.00 target price on the stock, down from their prior target price of $11.00.

Other analysts also recently issued research reports about the company. Jefferies Financial Group set a $13.00 target price on e.l.f. Beauty and gave the company a hold rating in a research note on Wednesday, September 12th. BMO Capital Markets lifted their target price on e.l.f. Beauty from $13.00 to $14.00 and gave the company a hold rating in a research note on Tuesday, November 6th. Citigroup set a $15.00 target price on e.l.f. Beauty and gave the company a hold rating in a research note on Wednesday, November 7th. JPMorgan Chase & Co. set a $11.00 target price on e.l.f. Beauty and gave the company a sell rating in a research note on Tuesday, November 6th. Finally, Zacks Investment Research raised e.l.f. Beauty from a hold rating to a strong-buy rating and set a $15.00 target price on the stock in a research note on Thursday, November 8th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Hold and a consensus price target of $12.13.

Shares of ELF opened at $8.21 on Thursday. The company has a market cap of $474.35 million, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 3.89 and a beta of 2.01. e.l.f. Beauty has a 12-month low of $7.50 and a 12-month high of $21.98. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.01 and a current ratio of 3.49.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Monday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.09. The company had revenue of $63.90 million for the quarter, compared to the consensus estimate of $60.09 million. e.l.f. Beauty had a return on equity of 10.60% and a net margin of 10.11%. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter last year, the company earned $0.17 EPS. On average, equities analysts expect that e.l.f. Beauty will post 0.36 EPS for the current year.

In other e.l.f. Beauty news, insider John P. Bailey sold 86,600 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $10.61, for a total value of $918,826.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Scott Milsten sold 3,700 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $12.52, for a total value of $46,324.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 696,375 shares of company stock worth $7,726,640. Corporate insiders own 15.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ELF. SG Americas Securities LLC bought a new stake in e.l.f. Beauty in the 2nd quarter worth approximately $185,000. Schwab Charles Investment Management Inc. increased its stake in e.l.f. Beauty by 7.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 108,291 shares of the company’s stock worth $1,651,000 after acquiring an additional 7,536 shares during the last quarter. BlackRock Inc. increased its stake in e.l.f. Beauty by 7.1% in the 2nd quarter. BlackRock Inc. now owns 1,444,019 shares of the company’s stock worth $22,008,000 after acquiring an additional 95,788 shares during the last quarter. FMR LLC increased its stake in e.l.f. Beauty by 13.7% in the 2nd quarter. FMR LLC now owns 3,949,700 shares of the company’s stock worth $60,193,000 after acquiring an additional 477,400 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in e.l.f. Beauty in the 2nd quarter worth approximately $112,000. 84.87% of the stock is currently owned by institutional investors and hedge funds.

About e.l.f. Beauty

e.l.f. Beauty, Inc operates as a beauty company. The company offers cosmetics, including face makeup, eye makeup, lip products, nail products, and cosmetics sets/kits; and skin care products under the e.l.f. brand name. It sells its products through direct-to-consumer channels, which include e-commerce and e.l.f.

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