e.l.f. Beauty, Inc. (NYSE:ELF) Given Average Recommendation of “Buy” by Brokerages

e.l.f. Beauty, Inc. (NYSE:ELF) has been assigned a consensus rating of “Buy” from the sixteen ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $183.80.

ELF has been the subject of a number of recent research reports. Morgan Stanley decreased their target price on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a report on Monday, September 30th. Bank of America lowered their price objective on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. UBS Group reduced their target price on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Piper Sandler lowered their price target on shares of e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, Robert W. Baird reduced their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 21st.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $103.89 on Tuesday. The company has a market cap of $5.86 billion, a P/E ratio of 49.47, a P/E/G ratio of 2.19 and a beta of 1.44. e.l.f. Beauty has a 1-year low of $92.16 and a 1-year high of $221.83. 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 stock has a 50-day moving average of $115.60 and a two-hundred day moving average of $157.17.

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

Insider Activity

In related news, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the transaction, the chief executive officer now owns 106,016 shares in the company, valued at $14,465,883.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Large investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $26,000. Matrix Trust Co acquired a new stake in shares of e.l.f. Beauty during the second quarter worth $27,000. Innealta Capital LLC purchased a new position in e.l.f. Beauty in the 2nd quarter valued at $30,000. Whittier Trust Co. of Nevada Inc. increased its stake in e.l.f. Beauty by 405.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after buying an additional 138 shares during the period. Finally, Crewe Advisors LLC increased its stake in e.l.f. Beauty by 456.3% in the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

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.