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

e.l.f. Beauty, Inc. (NYSE:ELF) has received an average recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $171.82.

A number of equities research analysts recently issued reports on the company. Canaccord Genuity Group reduced their price target on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft began coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target on the stock. Truist Financial increased their price objective on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Morgan Stanley dropped their target price on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research report on Monday, September 30th. Finally, Bank of America reduced their price target on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th.

Insider Buying and Selling

In related news, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock worth $297,442 in the last ninety days. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ELF. Logan Capital Management Inc. increased its position in shares of e.l.f. Beauty by 6.4% during the third quarter. Logan Capital Management Inc. now owns 42,923 shares of the company’s stock worth $4,680,000 after buying an additional 2,565 shares during the period. Retirement Systems of Alabama grew its holdings in e.l.f. Beauty by 83.6% during the 3rd quarter. Retirement Systems of Alabama now owns 143,758 shares of the company’s stock worth $15,674,000 after acquiring an additional 65,448 shares during the period. Oddo BHF Asset Management Sas bought a new position in shares of e.l.f. Beauty in the 3rd quarter worth about $1,160,000. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty in the 3rd quarter valued at about $25,000. Finally, Sanctuary Advisors LLC boosted its position in shares of e.l.f. Beauty by 33.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,981 shares of the company’s stock valued at $761,000 after purchasing an additional 1,753 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF opened at $131.91 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 71.30, a P/E/G ratio of 3.03 and a beta of 1.49. The stock’s fifty day moving average price is $121.88 and its two-hundred day moving average price is $146.32. e.l.f. Beauty has a one year low of $98.50 and a one year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.43 by $0.34. The business had revenue of $301.10 million for 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 earnings per share. On average, equities analysts forecast that e.l.f. Beauty will post 2.8 EPS 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.