e.l.f. Beauty (NYSE:ELF) Given “Buy” Rating at DA Davidson

DA Davidson reiterated their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a report released on Tuesday morning,Benzinga reports. DA Davidson currently has a $170.00 price objective on the stock.

A number of other equities research analysts also recently weighed in on ELF. Morgan Stanley raised e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $139.00 to $153.00 in a research note on Monday, January 13th. Truist Financial lifted their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Stifel Nicolaus dropped their price target on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. Piper Sandler lifted their price objective on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, UBS Group increased their target price on shares of e.l.f. Beauty from $156.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $169.06.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $118.47 on Tuesday. e.l.f. Beauty has a twelve month low of $98.50 and a twelve month high of $221.83. 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 50-day moving average of $128.76 and a two-hundred day moving average of $135.25. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 64.04, a PEG ratio of 2.06 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The business had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same quarter in the previous year, the business earned $0.66 earnings per share. The firm’s revenue was up 39.7% compared to the same quarter last year. As a group, analysts expect that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction on 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 directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the transaction, the insider now directly owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,205 shares of company stock valued at $297,442. Insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty during the third quarter worth about $25,000. Planning Capital Management Corp lifted its position in shares of e.l.f. Beauty by 1,855.0% during 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 during the period. nVerses Capital LLC bought a new position in shares of e.l.f. Beauty during the 3rd quarter worth approximately $44,000. Peterson Financial Group Inc. acquired a new stake in e.l.f. Beauty in the 3rd quarter valued at $45,000. Finally, Blue Trust Inc. raised its stake in e.l.f. Beauty by 2,357.1% during the third quarter. Blue Trust Inc. now owns 516 shares of the company’s stock worth $56,000 after acquiring an additional 495 shares in the last quarter. Institutional investors 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.