DA Davidson Reaffirms Neutral Rating for e.l.f. Beauty (NYSE:ELF)

DA Davidson reiterated their neutral rating on shares of e.l.f. Beauty (NYSE:ELF) in a report released on Tuesday morning,Benzinga reports. DA Davidson currently has a $80.00 price objective on the stock.

A number of other analysts have also recently weighed in on the stock. UBS Group restated a “neutral” rating and set a $74.00 target price (down from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Canaccord Genuity Group reduced their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their price target on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. B. Riley restated a “buy” rating and issued a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, Truist Financial upped their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $134.00.

e.l.f. Beauty Trading Down 1.0 %

Shares of NYSE:ELF opened at $72.28 on Tuesday. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 42.77, a PEG ratio of 1.54 and a beta of 1.47. e.l.f. Beauty has a 1-year low of $63.50 and a 1-year high of $221.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The company has a 50 day moving average price of $115.31 and a 200 day moving average price of $123.09.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share 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%. On average, research analysts anticipate that e.l.f. Beauty will post 2.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 890 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 transaction of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $72,928.00. Following the transaction, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock worth $297,442 in the last quarter. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ELF. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty during the 3rd quarter valued at $25,000. Nemes Rush Group LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter valued at $27,000. Orion Capital Management LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter valued at $30,000. Promus Capital LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter valued at $31,000. Finally, Kestra Investment Management LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter valued at $32,000. 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.