Today, SunTrust Banks Inc. Initiates Coverage on e.l.f. Beauty Inc (ELF)

Today, SunTrust Banks Inc. Initiates Coverage on e.l.f. Beauty Inc (ELF)

Investment analysts at SunTrust Banks Inc. initiated coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage set a “buy” rating on the stock.

Other research analysts have also issued reports about the company. William Blair initiated coverage on e.l.f. Beauty in a report on Monday. They issued an “outperform” rating on the stock. Piper Jaffray Cos. initiated coverage on e.l.f. Beauty in a research report on Monday. They set an “overweight” rating for the company. Stifel Nicolaus initiated coverage on e.l.f. Beauty in a research report on Monday. They set a “hold” rating and a $25.00 target price for the company. JPMorgan Chase & Co. initiated coverage on e.l.f. Beauty in a research report on Monday. They set a “neutral” rating for the company. Finally, Wells Fargo & Co. initiated coverage on e.l.f. Beauty in a research report on Monday. They set a “market perform” rating for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. e.l.f. Beauty currently has an average rating of “Buy” and an average target price of $25.00.

Shares of e.l.f. Beauty (NYSE:ELF) opened at 26.94 on Monday. e.l.f. Beauty has a 12 month low of $23.73 and a 12 month high of $28.92. The firm’s market capitalization is $83.73 million. The company has a 50-day moving average price of $26.37 and a 200-day moving average price of $26.37.

In related news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the company’s stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of $15.81, for a total transaction of $23,049,414.81. Following the completion of the sale, the insider now directly owns 8,279,999 shares in the company, valued at approximately $130,906,784.19. The sale was disclosed in a filing with the SEC, which is available through this link.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company that offers its services in the cosmetics category. The Company’s cosmetics category consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, and excludes beauty tools and accessories, such as brushes and applicators. It offers various brands in the cosmetics industry.

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