DA Davidson analyst Linda Bolton Weiser raised the price target on Buy-rated E.L.F. Beauty, Inc. (NYSE: ELF) from $176 to $178.
ELF's fiscal second-quarter revenue increased 76% year-over-year to $215.5 million, beating the estimate. The company reported earnings of 82 cents per share, which beat estimates of 51 cents per share.
Operating profit was +123% to $56.6 million, exceeding consensus of $38.8 million, analyst notes.
ELF has entered Douglas in Italy with great success, and more new country entries in the coming quarters are expected, as the company has built a team of more than 30 people in the U.K. to drive international expansion, writes the ...