e.l.f. Beauty (NYSE:ELF) Now Covered by Analysts at Robert W. Baird

Robert W. Baird began coverage on shares of e.l.f. Beauty (NYSE:ELFFree Report) in a research note published on Tuesday, Marketbeat.com reports. The brokerage issued a neutral rating and a $185.00 price target on the stock.

Several other brokerages have also recently commented on ELF. Morgan Stanley cut e.l.f. Beauty from an overweight rating to an equal weight rating and increased their price target for the company from $137.00 to $168.00 in a research report on Monday, January 22nd. Jefferies Financial Group raised e.l.f. Beauty from a hold rating to a buy rating and raised their price objective for the company from $110.00 to $115.00 in a research report on Thursday, October 5th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised their price objective on e.l.f. Beauty from $130.00 to $175.00 and gave the company an overweight rating in a research report on Thursday, January 18th. Stifel Nicolaus raised their price objective on e.l.f. Beauty from $119.00 to $141.00 and gave the company a hold rating in a research report on Monday, January 22nd. Finally, StockNews.com began coverage on e.l.f. Beauty in a research report on Thursday, October 5th. They issued a hold rating for the company. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of Moderate Buy and a consensus target price of $145.77.

Check Out Our Latest Analysis on ELF

e.l.f. Beauty Stock Up 1.4 %

ELF stock opened at $161.03 on Tuesday. The business has a 50-day moving average of $140.59 and a 200-day moving average of $124.04. e.l.f. Beauty has a fifty-two week low of $56.50 and a fifty-two week high of $164.71. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.86 and a quick ratio of 1.89. The stock has a market capitalization of $8.89 billion, a P/E ratio of 75.25, a P/E/G ratio of 2.20 and a beta of 1.46.

e.l.f. Beauty (NYSE:ELFGet Free Report) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.44 by $0.22. e.l.f. Beauty had a return on equity of 29.82% and a net margin of 15.88%. The firm had revenue of $215.51 million during the quarter, compared to analysts’ expectations of $197.27 million. On average, sell-side analysts anticipate that e.l.f. Beauty will post 2.17 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 11,760 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $98.60, for a total transaction of $1,159,536.00. Following the transaction, the chief executive officer now owns 128,155 shares in the company, valued at $12,636,083. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 11,760 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $98.60, for a total transaction of $1,159,536.00. Following the transaction, the chief executive officer now owns 128,155 shares in the company, valued at approximately $12,636,083. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Scott Milsten sold 10,000 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $150.06, for a total value of $1,500,600.00. Following the transaction, the insider now owns 79,104 shares in the company, valued at approximately $11,870,346.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,852 shares of company stock worth $11,241,727. Company insiders own 5.20% of the company’s stock.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Financial Gravity Asset Management Inc. bought a new position in shares of e.l.f. Beauty in the 2nd quarter valued at $891,000. Armstrong Advisory Group Inc. increased its stake in shares of e.l.f. Beauty by 390.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock valued at $29,000 after purchasing an additional 160 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in shares of e.l.f. Beauty in the 2nd quarter valued at $26,000. Hollencrest Capital Management bought a new position in shares of e.l.f. Beauty in the 2nd quarter valued at $27,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of e.l.f. Beauty by 66.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after acquiring an additional 97 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

(Get Free Report)

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.

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Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

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