e.l.f. Beauty, Inc. (NYSE:ELF) Receives Average Rating of “Buy” from Analysts

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have been assigned a consensus recommendation of “Buy” from the sixteen analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $173.53.

Several analysts have issued reports on the company. Canaccord Genuity Group cut their price objective on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Truist Financial dropped their target price on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. DA Davidson reiterated a “buy” rating and issued a $170.00 target price on shares of e.l.f. Beauty in a report on Monday, November 25th. Stifel Nicolaus dropped their target price on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their price objective on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $129.61 on Friday. e.l.f. Beauty has a twelve month low of $98.50 and a twelve month high of $221.83. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 70.06, a PEG ratio of 2.79 and a beta of 1.44. The firm has a 50-day moving average of $113.65 and a two-hundred day moving average of $151.54.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. e.l.f. Beauty’s revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 EPS. As a group, analysts expect that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. This represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On e.l.f. Beauty

Hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of e.l.f. Beauty in the third quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of e.l.f. Beauty in the second quarter valued at $26,000. Matrix Trust Co acquired a new position in shares of e.l.f. Beauty in the second quarter valued at $27,000. Innealta Capital LLC acquired a new position in shares of e.l.f. Beauty in the second quarter valued at $30,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after purchasing an additional 138 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

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.