e.l.f. Beauty, Inc. (NYSE:ELF) Receives $134.00 Average Price Target from Analysts

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have been given an average recommendation of “Moderate Buy” by the eighteen analysts that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $134.00.

Several equities analysts recently commented on ELF shares. Stifel Nicolaus cut their price target on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Truist Financial upped their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of e.l.f. Beauty in a report on Thursday, December 12th. They set a “hold” rating and a $133.00 price target on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, DA Davidson downgraded shares of e.l.f. Beauty from a “buy” rating to a “neutral” rating and cut their price target for the company from $170.00 to $80.00 in a report on Friday, February 7th.

e.l.f. Beauty Stock Down 2.6 %

Shares of NYSE ELF opened at $72.97 on Thursday. The firm’s 50-day moving average price is $116.66 and its 200-day moving average price is $124.10. 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 stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 43.18, a P/E/G ratio of 1.54 and a beta of 1.47. e.l.f. Beauty has a 12-month low of $63.50 and a 12-month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 17.35%. On average, equities research analysts anticipate that e.l.f. Beauty will post 2.8 EPS for the current fiscal year.

Insider Activity at e.l.f. Beauty

In related news, insider Scott Milsten sold 530 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tarang Amin sold 890 shares of the stock in a transaction that occurred 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 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 valued at $297,442 over the last 90 days. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ELF. Wilmington Savings Fund Society FSB purchased a new position in shares of e.l.f. Beauty during the third quarter worth $25,000. Nemes Rush Group LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter worth $27,000. Promus Capital LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter worth $31,000. Kestra Investment Management LLC acquired a new stake in e.l.f. Beauty during the fourth quarter valued at $32,000. Finally, Planning Capital Management Corp grew its position in e.l.f. Beauty by 1,855.0% during the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after buying an additional 371 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.