e.l.f. Beauty (NYSE:ELF) Given Buy Rating at DA Davidson

e.l.f. Beauty (NYSE:ELF)‘s stock had its “buy” rating restated by equities research analysts at DA Davidson in a report issued on Tuesday, Benzinga reports. They presently have a $223.00 price target on the stock. DA Davidson’s price objective points to a potential upside of 110.74% from the company’s previous close.

Several other research firms also recently commented on ELF. JPMorgan Chase & Co. decreased their price objective on shares of e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Baird R W upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. TD Cowen decreased their price target on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Robert W. Baird boosted their price objective on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus lifted their target price on e.l.f. Beauty from $151.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $195.80.

e.l.f. Beauty Stock Performance

NYSE ELF traded down $3.21 on Tuesday, hitting $105.82. 2,457,304 shares of the stock were exchanged, compared to its average volume of 1,787,438. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. The business’s fifty day moving average is $145.58 and its 200 day moving average is $170.28. e.l.f. Beauty has a 52 week low of $88.47 and a 52 week high of $221.83. The company has a market capitalization of $5.92 billion, a PE ratio of 47.82, a P/E/G ratio of 2.33 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.20. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. The firm had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. Research analysts anticipate that e.l.f. Beauty will post 2.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 548 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the completion of the sale, the chief executive officer now owns 214,507 shares in the company, valued at approximately $37,538,725. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the sale, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at $37,538,725. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the sale, the senior vice president now directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,832 shares of company stock valued at $7,074,887. Company insiders own 5.20% of the company’s stock.

Institutional Trading of e.l.f. Beauty

A number of hedge funds and other institutional investors have recently bought and sold shares of ELF. Vanguard Group Inc. raised its position in shares of e.l.f. Beauty by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock worth $873,351,000 after buying an additional 79,701 shares in the last quarter. Baillie Gifford & Co. bought a new position in e.l.f. Beauty in the 2nd quarter worth about $801,693,000. Wellington Management Group LLP raised its holdings in shares of e.l.f. Beauty by 5.2% in the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after acquiring an additional 126,231 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of e.l.f. Beauty by 12.5% during the 2nd quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock valued at $318,647,000 after acquiring an additional 168,267 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of e.l.f. Beauty by 84.4% during the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after purchasing an additional 576,383 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.