SunTrust Banks Inc. began coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a research report report published on Monday. The brokerage issued a buy rating and a $32.00 price objective on the stock.
Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus started coverage on e.l.f. Beauty in a research note on Monday. They set a hold rating and a $25.00 target price for the company. Wells Fargo & Co. started coverage on e.l.f. Beauty in a research note on Monday. They set a market perform rating for the company. JPMorgan Chase & Co. started coverage on e.l.f. Beauty in a research note on Monday. They set a neutral rating and a $28.00 target price for the company. William Blair started coverage on e.l.f. Beauty in a research note on Monday. They set an outperform rating for the company. Finally, Piper Jaffray Cos. started coverage on e.l.f. Beauty in a research note on Monday. They set an overweight rating and a $30.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $29.17.
e.l.f. Beauty (NYSE:ELF) traded down 1.53% on Monday, hitting $27.06. The company had a trading volume of 45,086 shares. The stock has a 50 day moving average of $26.44 and a 200-day moving average of $26.44. e.l.f. Beauty has a one year low of $23.73 and a one year high of $28.92. The stock’s market capitalization is $84.10 million.
In other e.l.f. Beauty news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $15.81, for a total value of $23,049,414.81. Following the transaction, the insider now owns 8,279,999 shares in the company, valued at $130,906,784.19. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
About e.l.f. Beauty
e.l.f. Beauty, Inc is a holding company that offers its services in the cosmetics category. The Company’s cosmetics category consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, and excludes beauty tools and accessories, such as brushes and applicators. It offers various brands in the cosmetics industry.
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