e.l.f. Beauty, Inc. (NYSE:ELF) Receives $198.93 Consensus Price Target from Brokerages

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have earned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $198.93.

Several analysts have recently weighed in on ELF shares. TD Cowen lifted their price objective on e.l.f. Beauty from $190.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Bank of America decreased their price objective on e.l.f. Beauty from $230.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Truist Financial lifted their price objective on e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Canaccord Genuity Group boosted their price target on 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. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $235.00 price target (up previously from $215.00) on shares of e.l.f. Beauty in a research note on Friday, June 14th.

e.l.f. Beauty Stock Down 0.9 %

Shares of ELF stock opened at $200.29 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 1.60. The stock’s 50 day simple moving average is $184.48 and its 200 day simple moving average is $176.58. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 90.22, a PEG ratio of 5.12 and a beta of 1.46. e.l.f. Beauty has a twelve month low of $88.47 and a twelve month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, May 22nd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. The company had revenue of $321.14 million for the quarter, compared to the consensus estimate of $292.47 million. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. As a group, research analysts predict that e.l.f. Beauty will post 2.85 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other news, Director Richard G. Wolford sold 11,072 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $181.13, for a total transaction of $2,005,471.36. Following the completion of the sale, the director now owns 12,741 shares in the company, valued at $2,307,777.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Tarang Amin sold 74,451 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $166.40, for a total value of $12,388,646.40. Following the completion of the sale, the chief executive officer now owns 316,161 shares in the company, valued at $52,609,190.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard G. Wolford sold 11,072 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $181.13, for a total value of $2,005,471.36. Following the completion of the sale, the director now owns 12,741 shares of the company’s stock, valued at approximately $2,307,777.33. The disclosure for this sale can be found here. Insiders sold a total of 249,335 shares of company stock worth $42,918,723 over the last 90 days. 5.20% of the stock is owned by insiders.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Guidance Capital Inc. increased its holdings in shares of e.l.f. Beauty by 1.6% in the fourth quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock worth $490,000 after acquiring an additional 56 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of e.l.f. Beauty by 3.2% in the fourth quarter. First Trust Direct Indexing L.P. now owns 2,106 shares of the company’s stock worth $304,000 after acquiring an additional 65 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of e.l.f. Beauty by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock worth $4,906,000 after buying an additional 85 shares during the period. GAMMA Investing LLC boosted its position in shares of e.l.f. Beauty by 33.2% during the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock worth $69,000 after buying an additional 88 shares during the period. Finally, American International Group Inc. boosted its position in shares of e.l.f. Beauty by 0.3% during the fourth quarter. American International Group Inc. now owns 29,435 shares of the company’s stock worth $4,249,000 after buying an additional 90 shares during the period. Institutional investors own 92.44% of the company’s stock.

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.