Piper Jaffray Sticks to Their Sell Rating for elf Beauty Inc (ELF)
In a report released today, Erinn Murphy from Piper Jaffray reiterated a Sell rating on elf Beauty Inc (ELF), with a price target of $8. The company’s shares opened today at $8.66, close to its 52-week low of $7.70.
According to TipRanks.com, Murphy has 0 stars on 0-5 star ranking scale with an average return of -3.5% and a 43.1% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Wolverine World Wide, and G-III Apparel Group.
Currently, the analyst consensus on elf Beauty Inc is a Hold with an average price target of $12.29.
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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.
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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.