e.l.f. Beauty (NYSE:ELF) Stock Rating Reaffirmed by DA Davidson

e.l.f. Beauty (NYSE:ELF)‘s stock had its “buy” rating reaffirmed by equities research analysts at DA Davidson in a report issued on Wednesday, Benzinga reports. They currently have a $223.00 target price on the stock. DA Davidson’s price objective indicates a potential upside of 94.56% from the stock’s previous close.

A number of other brokerages also recently commented on ELF. JPMorgan Chase & Co. reduced their price objective on e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. B. Riley assumed coverage on e.l.f. Beauty in a research report on Tuesday, September 10th. They issued a “buy” rating and a $175.00 target price for the company. Canaccord Genuity Group boosted their price target on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Stifel Nicolaus lifted their target price on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Finally, Bank of America lowered their target price on shares of e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $198.80.

e.l.f. Beauty Trading Down 0.0 %

Shares of ELF stock opened at $114.62 on Wednesday. The firm has a market capitalization of $6.41 billion, a P/E ratio of 51.63, a price-to-earnings-growth ratio of 2.37 and a beta of 1.45. e.l.f. Beauty has a 1 year low of $88.47 and a 1 year high of $221.83. The firm’s fifty day simple moving average is $155.66 and its 200 day simple moving average is $175.25. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.20. The company had revenue of $324.48 million for the quarter, compared to the consensus estimate of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. As a group, sell-side analysts predict that e.l.f. Beauty will post 2.88 EPS for the current year.

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

In other news, CEO Tarang Amin sold 15,386 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the sale, the chief executive officer now owns 171,329 shares in the company, valued at $34,411,429.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were 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 in the company, valued at approximately $14,489,342.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 15,386 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.85, for a total value of $3,090,278.10. Following the completion of the transaction, the chief executive officer now owns 171,329 shares in the company, valued at $34,411,429.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,304 shares of company stock worth $3,864,492. 5.20% of the stock is currently owned by insiders.

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

A number of institutional investors and hedge funds have recently made changes to their positions in ELF. Vanguard Group Inc. increased its position in e.l.f. Beauty by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock worth $873,351,000 after purchasing an additional 79,701 shares during the period. Baillie Gifford & Co. bought a new stake in shares of e.l.f. Beauty during the second quarter worth approximately $801,693,000. Wellington Management Group LLP raised its stake in shares of e.l.f. Beauty by 5.2% during the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after buying an additional 126,231 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in e.l.f. Beauty by 12.5% in the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock valued at $318,647,000 after buying an additional 168,267 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in e.l.f. Beauty by 84.4% in the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after acquiring an additional 576,383 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

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.