elf Beauty Inc Gets a Hold Rating from Wells Fargo

In a report released yesterday, Bonnie Herzog from Wells Fargo maintained a Hold rating on elf Beauty Inc (NYSE: ELF), with a price target of $19. The company’s shares closed yesterday at $20.

Herzog noted:

“We are maintaining our 2018/2019 EPS ests. of $0.61/$0.68 and our price target of $19.”

According to TipRanks.com, Herzog is a 4-star analyst with an average return of 7.8% and a 72.7% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Edgewell Personal Care, and Colgate-Palmolive.

elf Beauty Inc has an analyst consensus of Hold, with a price target consensus of $19.29.

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Based on elf Beauty Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $21.48 million. In comparison, last year the company had a net profit of $2.16 million.

Based on the recent corporate insider activity of 12 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.