e.l.f. Beauty, Inc. (NYSE:ELF) Given Consensus Rating of “Buy” by Analysts

e.l.f. Beauty, Inc. (NYSE:ELF) has been assigned a consensus recommendation of “Buy” from the eighteen research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $169.06.

Several equities analysts have commented on the stock. DA Davidson reissued a “buy” rating and set a $170.00 target price on shares of e.l.f. Beauty in a research note on Thursday, December 19th. Truist Financial raised their price objective on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Piper Sandler upped their target price on e.l.f. Beauty from $165.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Robert W. Baird lowered their price target on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. upped their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a report on Thursday.

Insider Buying and Selling at e.l.f. Beauty

In related news, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the sale, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at $13,718,582.40. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 over the last ninety days. 3.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in e.l.f. Beauty by 61.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 149,702 shares of the company’s stock valued at $31,545,000 after buying an additional 57,039 shares during the last quarter. Moors & Cabot Inc. acquired a new stake in shares of e.l.f. Beauty in the second quarter worth $240,000. Edgestream Partners L.P. bought a new position in e.l.f. Beauty during the second quarter worth $214,000. Blair William & Co. IL raised its stake in e.l.f. Beauty by 1.7% during the 2nd quarter. Blair William & Co. IL now owns 20,518 shares of the company’s stock valued at $4,324,000 after purchasing an additional 334 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in e.l.f. Beauty by 263.2% during the 2nd quarter. Hsbc Holdings PLC now owns 7,405 shares of the company’s stock valued at $1,559,000 after purchasing an additional 5,366 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

ELF opened at $127.17 on Friday. 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 business’s 50 day moving average is $129.27 and its 200-day moving average is $136.94. The stock has a market cap of $7.16 billion, a PE ratio of 68.74, a price-to-earnings-growth ratio of 2.17 and a beta of 1.50. e.l.f. Beauty has a twelve month low of $98.50 and a twelve month high of $221.83.

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

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.