Cowen & Co. analyst Oliver Chen reiterated a Buy rating on elf Beauty Inc (ELF) yesterday and set a price target of $8.50. The company’s shares closed yesterday at $9.48, close to its 52-week low of $7.50.
According to TipRanks.com, Chen is a 4-star analyst with an average return of 6.0% and a 49.2% success rate. Chen covers the Services sector, focusing on stocks such as Signet Jewelers Limited, Wal-Mart Stores Inc, and Ulta Beauty Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for elf Beauty Inc with a $8.96 average price target.
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Based on elf Beauty Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $3.92 million. In comparison, last year the company had a net profit of $21.48 million.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.
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e.l.f. Beauty, Inc. is a holding company, which engages in cosmetics and skin-care product. It operates through U.S and International geographical segments. The company sells cosmetics products through retail customers, e.l.f. stores and e-commerce channels. The company was founded on December 20, 2013 and is headquartered in Oakland, CA.
