e.l.f. Beauty (NYSE:ELF) Upgraded to “Overweight” at JPMorgan Chase & Co.

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JPMorgan Chase & Co. upgraded shares of e.l.f. Beauty (NYSE:ELF) from a neutral rating to an overweight rating in a report published on Tuesday, Briefing.com Automated Import reports. The firm currently has $17.00 target price on the stock, up from their previous target price of $11.00.

Several other analysts also recently commented on the stock. Citigroup set a $13.00 price target on shares of e.l.f. Beauty and gave the company a hold rating in a research report on Monday, May 13th. Morgan Stanley set a $17.00 price target on shares of BOX and gave the company a hold rating in a research report on Tuesday, June 4th. Jefferies Financial Group began coverage on shares of Middleby in a research report on Wednesday, April 3rd. They issued a hold rating and a $135.00 price target for the company. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Finally, DA Davidson began coverage on shares of Heartland Banccorp in a research report on Tuesday, April 16th. They issued a buy rating and a $96.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. e.l.f. Beauty has a consensus rating of Hold and a consensus price target of $12.50.

ELF stock opened at $16.40 on Tuesday. The firm has a fifty day simple moving average of $12.73. e.l.f. Beauty has a 12 month low of $6.70 and a 12 month high of $16.98. The stock has a market cap of $843.94 million, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 19.37 and a beta of 2.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.22 and a current ratio of 3.30.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). e.l.f. Beauty had a negative net margin of 1.15% and a positive return on equity of 8.88%. The business had revenue of $66.14 million during the quarter, compared to analysts’ expectations of $56.91 million. As a group, research analysts anticipate that e.l.f. Beauty will post 0.15 EPS for the current year.

In other news, Director Sabrina Simmons sold 5,200 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $12.01, for a total transaction of $62,452.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Scott Milsten sold 3,700 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $12.69, for a total transaction of $46,953.00. The disclosure for this sale can be found here. Insiders sold a total of 3,087,560 shares of company stock worth $33,476,522 over the last three months. 17.10% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of ELF. PNC Financial Services Group Inc. acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth $32,000. Quantamental Technologies LLC acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth $36,000. BNP Paribas Arbitrage SA grew its stake in shares of e.l.f. Beauty by 862.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,253 shares of the company’s stock worth $56,000 after purchasing an additional 4,707 shares during the period. Mycio Wealth Partners LLC acquired a new stake in e.l.f. Beauty in the 1st quarter valued at about $106,000. Finally, CHICAGO TRUST Co NA acquired a new stake in e.l.f. Beauty in the 1st quarter valued at about $117,000. 82.56% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce and e.l.f.

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

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