In a report released today, Bonnie Herzog from Wells Fargo maintained a Hold rating on elf Beauty Inc (NYSE: ELF), with a price target of $13. The company’s shares closed on Friday at $12.73.
Herzog wrote:
“Wells Fargo Beauty Forum Takeaways Up Front About Challenges, Highlighting The Opportunities Ahead.”
According to TipRanks.com, Herzog is a 4-star analyst with an average return of 6.5% and a 67.9% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Coca-Cola European Partners, and Edgewell Personal Care.
elf Beauty Inc has an analyst consensus of Hold, with a price target consensus of $12.73.
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Based on elf Beauty Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $1.25 million. In comparison, last year the company had a net profit of $5.87 million.
Based on the recent corporate insider activity of 32 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.
