e.l.f. Beauty (NYSE:ELF) Receives Buy Rating from DA Davidson

e.l.f. Beauty (NYSE:ELF)‘s stock had its “buy” rating reaffirmed by DA Davidson in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $170.00 target price on the stock. DA Davidson’s target price would indicate a potential upside of 35.86% from the stock’s previous close.

ELF has been the subject of several other reports. The Goldman Sachs Group started coverage on shares of e.l.f. Beauty in a report on Friday, December 13th. They set a “buy” rating and a $165.00 price target for the company. B. Riley reduced their target price on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Morgan Stanley dropped their price target on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a report on Monday, September 30th. TD Cowen cut their price objective on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Finally, Canaccord Genuity Group decreased their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $171.82.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF traded down $2.07 during mid-day trading on Thursday, hitting $125.13. The company had a trading volume of 253,470 shares, compared to its average volume of 1,947,528. e.l.f. Beauty has a 12 month low of $98.50 and a 12 month high of $221.83. The firm has a market cap of $7.05 billion, a P/E ratio of 67.64, a PEG ratio of 3.03 and a beta of 1.49. The business’s 50-day simple moving average is $120.80 and its 200-day simple moving average is $147.87. 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 (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million during 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%. The firm’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. As a group, analysts predict that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now owns 1,888 shares of the company’s stock, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 in the last three months. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Logan Capital Management Inc. increased its holdings in shares of e.l.f. Beauty by 6.4% in the third quarter. Logan Capital Management Inc. now owns 42,923 shares of the company’s stock worth $4,680,000 after acquiring an additional 2,565 shares in the last quarter. Retirement Systems of Alabama increased its stake 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 purchasing an additional 65,448 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in e.l.f. Beauty during the 3rd quarter worth approximately $1,160,000. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty in the third quarter valued at approximately $25,000. Finally, Sanctuary Advisors LLC increased its position in shares of e.l.f. Beauty by 33.5% during the third quarter. Sanctuary Advisors LLC now owns 6,981 shares of the company’s stock worth $761,000 after acquiring an additional 1,753 shares in 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.