e.l.f. Beauty’s (ELF) Buy Rating Reiterated at B. Riley

B. Riley reissued their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a report released on Friday morning,Benzinga reports. They currently have a $90.00 price objective on the stock, down from their previous price objective of $150.00.

A number of other analysts also recently commented on the company. Robert W. Baird dropped their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. DA Davidson downgraded e.l.f. Beauty from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $170.00 to $80.00 in a report on Friday. Bank of America reduced their price objective on 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 dropped their target price on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus reduced 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 research report on Monday, February 3rd. 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 company. According to MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $134.00.

e.l.f. Beauty Stock Down 19.6 %

Shares of NYSE:ELF opened at $71.12 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 firm has a market cap of $4.01 billion, a price-to-earnings ratio of 42.08, a PEG ratio of 1.54 and a beta of 1.47. The stock’s 50-day moving average price is $122.50 and its two-hundred day moving average price is $127.58. 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 released 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 return on equity of 17.35% and a net margin of 7.55%. On average, research analysts forecast that e.l.f. Beauty will post 2.8 EPS for the current year.

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

In other news, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the sale, the director now owns 1,888 shares in the company, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the transaction, 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 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 valued at $297,442 in the last three months. Corporate insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On e.l.f. Beauty

Several large investors have recently bought and sold shares of ELF. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty in the third quarter valued at approximately $25,000. Promus Capital LLC bought a new position in e.l.f. Beauty during the 4th quarter valued at $31,000. Kestra Investment Management LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter valued at $32,000. Planning Capital Management Corp raised 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 worth $43,000 after buying an additional 371 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of e.l.f. Beauty in the third quarter valued at $44,000. Institutional investors and hedge funds 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.