Oppenheimer analyst Rupesh Parikh maintained a Hold rating on elf Beauty Inc (ELF) today. The company’s shares opened today at $7.20, close to its 52-week low of $6.71.
Parikh wrote:
“Yesterday, ELF reported Q4:18 bottom-line results ahead of plan, but revenue fell well short of expectations. Q1:19 (Mar.) guidance also points to continued struggles. We await efforts from ELF management to drive a top-line turn. For now, we believe investors should remain on the sidelines. The company also announced CFO John Bailey will step down from his role. ULTA and EL remain our top beauty picks.”
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.8% and a 63.7% success rate. Parikh covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, United Natural Foods, and Wal-Mart Stores Inc.
Currently, the analyst consensus on elf Beauty Inc is a Hold with an average price target of $7.97, representing a 10.7% upside. In a report released today, BMO Capital also maintained a Hold rating on the stock with a $7 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.
