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

e.l.f. Beauty, Inc. (NYSE:ELF) has been given an average recommendation of “Buy” by the sixteen ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $198.80.

Several equities analysts recently commented on the stock. B. Riley initiated coverage on shares of e.l.f. Beauty in a research report on Tuesday, September 10th. They set a “buy” rating and a $175.00 price target for the company. Piper Sandler cut their target price on e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Robert W. Baird boosted their price target on e.l.f. Beauty from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. DA Davidson restated a “buy” rating and set a $223.00 price target on shares of e.l.f. Beauty in a research note on Wednesday, September 18th. Finally, Truist Financial lifted their price objective on e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF opened at $112.91 on Monday. The company has a 50-day simple moving average of $153.71 and a 200-day simple moving average of $174.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. The company has a market cap of $6.32 billion, a PE ratio of 50.86, a price-to-earnings-growth ratio of 2.37 and a beta of 1.44. e.l.f. Beauty has a 12 month low of $88.47 and a 12 month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.67 by $0.20. The firm had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. On average, equities analysts anticipate that e.l.f. Beauty will post 2.88 earnings per share for the current year.

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

In other news, CEO Tarang Amin sold 548 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the completion of the sale, the chief executive officer now owns 214,507 shares of the company’s stock, valued at $37,538,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Tarang Amin sold 548 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the transaction, the chief executive officer now owns 214,507 shares of the company’s stock, valued at $37,538,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the transaction, the senior vice president now owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The disclosure for this sale can be found here. Insiders have sold a total of 19,304 shares of company stock valued at $3,864,492 in the last three months. Corporate insiders own 5.20% of the company’s stock.

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

Large investors have recently added to or reduced their stakes in the company. Precision Wealth Strategies LLC bought a new stake in e.l.f. Beauty during the fourth quarter valued at $254,000. Principal Securities Inc. acquired a new stake in e.l.f. Beauty during the fourth quarter worth about $117,000. QRG Capital Management Inc. lifted its holdings in e.l.f. Beauty by 10.4% in the fourth quarter. QRG Capital Management Inc. now owns 3,025 shares of the company’s stock worth $437,000 after acquiring an additional 284 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in e.l.f. Beauty by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 952,863 shares of the company’s stock valued at $137,538,000 after acquiring an additional 7,999 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of e.l.f. Beauty by 28.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,310 shares of the company’s stock valued at $622,000 after purchasing an additional 952 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.