In a report released yesterday, Bonnie Herzog from Wells Fargo maintained a Hold rating on elf Beauty Inc (ELF), with a price target of $11. The company’s shares closed yesterday at $11.10, close to its 52-week low of $9.30.
Herzog wrote:
“We raise our FY18/FY19 EPS ests by $0.03 to $0.61/$0.65, but maintain our price target of $11.”
According to TipRanks.com, Herzog is a 4-star analyst with an average return of 8.2% and a 75.0% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Coca-Cola European Partners, and Constellation Brands Inc.
elf Beauty Inc has an analyst consensus of Hold, with a price target consensus of $12.53, which is a 12.9% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Hold rating on the stock.
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The company has a one-year high of $23.85 and a one-year low of $9.30. Currently, elf Beauty Inc has an average volume of 729.2K.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ELF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
