Oppenheimer Sticks to Its Hold Rating for elf Beauty Inc (ELF)


Oppenheimer analyst Rupesh Parikh maintained a Hold rating on elf Beauty Inc (ELF) today. The company’s shares opened today at $12.37.

Parikh commented:

“Earlier this evening, ELF reported Q4 (Mar.) results ahead of plan, but introduced guidance below expectations on both the top and bottom lines. Managements expects FY19 (Mar. 2020) EBITDA of $45-$48M vs. Street expectations of $52.7M and a prior- year adjusted figure of $62M. Conference call commentary suggests conservatism with a new CFO, so the optics may not be as bad. However, with a still challenging mass cosmetics backdrop, we believe investors should await more signs of a top- line turn before speculating on a recovery. ELF remains on our radar as attractive distribution at WMT, TGT, and ULTA suggest the potential for a turn down the road if management actions gain traction. For now, ULTA and EL remain our top beauty picks.”

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 16.4% and a 65.6% success rate. Parikh covers the Services sector, focusing on stocks such as United Natural Foods, Ulta Beauty Inc, and Sprouts Farmers.

Currently, the analyst consensus on elf Beauty Inc is a Hold with an average price target of $9.72.

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The company has a one-year high of $20.75 and a one-year low of $6.71. Currently, elf Beauty Inc has an average volume of 851.9K.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock.

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 the provision of cosmetic and skin-care product. It operates through the U.S and International geographical segments. The company focuses on the e-commerce, national retailers, and international business channels. Its product portfolio includes eyes, lips, face, kits, tools, and skin care categories.

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