e.l.f. Beauty’s (ELF) Neutral Rating Reaffirmed at DA Davidson

DA Davidson reaffirmed their neutral rating on shares of e.l.f. Beauty (NYSE:ELF) in a research note released on Tuesday morning,Benzinga reports. They currently have a $80.00 price objective on the stock.

A number of other equities analysts have also recently weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. B. Riley reissued a “buy” rating and issued a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price objective for the company. Stifel Nicolaus decreased their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Finally, Robert W. Baird decreased their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.00.

e.l.f. Beauty Trading Down 1.0 %

Shares of e.l.f. Beauty stock opened at $72.28 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. e.l.f. Beauty has a 1 year low of $63.50 and a 1 year high of $221.83. The company has a market capitalization of $4.07 billion, a P/E ratio of 42.77, a P/E/G ratio of 1.54 and a beta of 1.47. The business has a 50 day moving average price of $115.31 and a 200 day moving average price of $123.09.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share 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%. Sell-side analysts anticipate that e.l.f. Beauty will post 2.8 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Tarang Amin sold 890 shares of the stock in a transaction dated 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 owns 99,699 shares in the company, valued at $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now owns 1,888 shares in the company, valued at approximately $245,440. This trade represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock worth $297,442 over the last quarter. 3.50% of the stock is owned by company insiders.

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

Several large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in shares of e.l.f. Beauty by 3.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock valued at $361,000 after purchasing an additional 91 shares during the period. Truist Financial Corp boosted its holdings in shares of e.l.f. Beauty by 1.3% in the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock valued at $990,000 after acquiring an additional 102 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of e.l.f. Beauty by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock valued at $2,055,000 after acquiring an additional 128 shares in the last quarter. Cetera Trust Company N.A boosted its holdings in shares of e.l.f. Beauty by 14.4% in the third quarter. Cetera Trust Company N.A now owns 1,030 shares of the company’s stock valued at $112,000 after acquiring an additional 130 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of e.l.f. Beauty by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company’s stock valued at $2,967,000 after acquiring an additional 140 shares in the last quarter. 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.