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

e.l.f. Beauty (NYSE:ELF)‘s stock had its “buy” rating reiterated by equities researchers at DA Davidson in a research note issued on Tuesday, Benzinga reports. They currently have a $223.00 target price on the stock. DA Davidson’s price target suggests a potential upside of 111.05% from the stock’s current price.

A number of other brokerages have also recently issued reports on ELF. B. Riley began coverage on e.l.f. Beauty in a report on Tuesday, September 10th. They set a “buy” rating and a $175.00 price objective for the company. Morgan Stanley cut their price target on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a report on Monday. Baird R W upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 18th. Stifel Nicolaus raised their price objective on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Finally, Canaccord Genuity Group lifted their target price on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.80.

e.l.f. Beauty Trading Down 0.3 %

Shares of ELF stock opened at $105.66 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. The firm has a fifty day moving average of $142.78 and a 200-day moving average of $169.18. e.l.f. Beauty has a 52-week low of $88.47 and a 52-week high of $221.83. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 47.59, a P/E/G ratio of 2.33 and a beta of 1.44.

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

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the sale, the chief executive officer now owns 106,016 shares in the company, valued at approximately $14,465,883.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction 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 directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Insiders have sold a total of 42,832 shares of company stock worth $7,074,887 over the last 90 days. Insiders own 5.20% of the company’s stock.

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

Several institutional investors have recently modified their holdings of ELF. Ashton Thomas Private Wealth LLC acquired a new position in e.l.f. Beauty during the second quarter valued at approximately $26,000. Matrix Trust Co acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at $27,000. Innealta Capital LLC bought a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at $30,000. Harbor Investment Advisory LLC acquired a new stake in e.l.f. Beauty during the 1st quarter worth $31,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after acquiring an additional 138 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.