e.l.f. Beauty, Inc. (NYSE:ELF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have received an average rating of “Moderate Buy” from the eighteen research firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $134.00.

A number of brokerages have issued reports on ELF. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They set a “hold” rating and a $133.00 target price for the company. Raymond James reduced their price objective on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research report on Friday, February 7th. Piper Sandler dropped their target price on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. JPMorgan Chase & Co. raised their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group dropped their price objective on e.l.f. Beauty from $165.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, February 7th.

e.l.f. Beauty Stock Down 2.3 %

Shares of e.l.f. Beauty stock opened at $75.16 on Thursday. e.l.f. Beauty has a 1 year low of $63.50 and a 1 year high of $221.83. The company has a market cap of $4.23 billion, a P/E ratio of 44.47, a P/E/G ratio of 1.54 and a beta of 1.47. 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 stock has a 50-day moving average price of $120.35 and a 200 day moving average price of $125.82.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 17.35% and a net margin of 7.55%. As a group, analysts expect that e.l.f. Beauty will post 2.8 EPS for the current fiscal year.

Insider Transactions at e.l.f. Beauty

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

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

Several hedge funds have recently made changes to their positions in the stock. NBC Securities Inc. raised its holdings in e.l.f. Beauty by 2,181.7% in the 3rd quarter. NBC Securities Inc. now owns 4,746 shares of the company’s stock valued at $517,000 after acquiring an additional 4,538 shares in the last quarter. Swedbank AB bought a new stake in shares of e.l.f. Beauty during the third quarter valued at approximately $76,321,000. nVerses Capital LLC bought a new position in e.l.f. Beauty in the third quarter worth $44,000. Blue Trust Inc. lifted its position in e.l.f. Beauty by 2,357.1% in the third quarter. Blue Trust Inc. now owns 516 shares of the company’s stock worth $56,000 after purchasing an additional 495 shares during the period. Finally, Raymond James & Associates boosted its stake in e.l.f. Beauty by 44.4% during the third quarter. Raymond James & Associates now owns 178,467 shares of the company’s stock worth $19,458,000 after buying an additional 54,836 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

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.