e.l.f. Beauty’s (ELF) “Buy” Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a report issued on Wednesday morning, MarketBeat.com reports. They currently have a $170.00 price target on the stock.

ELF has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their price objective on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Bank of America lowered their price objective on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Piper Sandler raised their price objective on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. The Goldman Sachs Group assumed coverage on shares of e.l.f. Beauty in a research note on Friday, December 13th. They set a “buy” rating and a $165.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They set a “hold” rating and a $133.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average target price of $134.00.

e.l.f. Beauty Stock Performance

ELF opened at $71.12 on Wednesday. The business’s 50 day moving average is $123.67 and its 200-day moving average is $128.61. The stock has a market cap of $4.01 billion, a PE ratio of 38.44, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. e.l.f. Beauty has a twelve month low of $63.50 and a twelve month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. On average, analysts predict that e.l.f. Beauty will post 2.8 earnings per share for the current year.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the sale, the chief executive officer now owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the sale, the insider now directly owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,205 shares of company stock worth $297,442. Corporate insiders own 3.50% of the company’s stock.

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

A number of institutional investors have recently modified their holdings of ELF. Wilmington Savings Fund Society FSB acquired a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at $25,000. Promus Capital LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at $31,000. Kestra Investment Management LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at $32,000. Planning Capital Management Corp lifted its stake in shares of e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after purchasing an additional 371 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

About e.l.f. Beauty

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.