Zacks Investment Research lowered shares of e.l.f. Beauty (NYSE:ELF) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.
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. “
A number of other research analysts have also weighed in on ELF. KeyCorp began coverage on e.l.f. Beauty in a report on Wednesday, December 20th. They issued a sector weight rating on the stock. Stifel Nicolaus set a $20.00 target price on e.l.f. Beauty and gave the company a hold rating in a report on Tuesday, October 31st. BMO Capital Markets dropped their target price on e.l.f. Beauty from $38.00 to $24.00 and set an outperform rating on the stock in a report on Thursday, November 9th. Morgan Stanley dropped their target price on e.l.f. Beauty from $23.00 to $21.00 and set an equal weight rating on the stock in a report on Thursday, November 9th. Finally, Citigroup dropped their target price on e.l.f. Beauty from $30.00 to $24.00 and set a buy rating on the stock in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, four have given 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 Hold and a consensus target price of $23.31.
e.l.f. Beauty (ELF) opened at $20.19 on Tuesday. e.l.f. Beauty has a fifty-two week low of $18.20 and a fifty-two week high of $31.10. The company has a quick ratio of 0.95, a current ratio of 2.17 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $933.99 and a P/E ratio of 53.13.
In related news, insider Scott Milsten sold 5,522 shares of e.l.f. Beauty stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $19.80, for a total transaction of $109,335.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 16.50% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Compagnie Lombard Odier SCmA bought a new stake in e.l.f. Beauty during the fourth quarter worth $178,000. MetLife Investment Advisors LLC bought a new stake in e.l.f. Beauty during the fourth quarter worth $225,000. Millennium Management LLC bought a new stake in e.l.f. Beauty during the fourth quarter worth $458,000. Deutsche Bank AG lifted its holdings in e.l.f. Beauty by 99.2% during the fourth quarter. Deutsche Bank AG now owns 46,025 shares of the company’s stock worth $1,026,000 after acquiring an additional 22,924 shares during the period. Finally, Thrivent Financial For Lutherans bought a new stake in e.l.f. Beauty during the fourth quarter worth $7,709,000. Institutional investors and hedge funds own 87.26% of the company’s stock.
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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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