e.l.f. Beauty (NYSE:ELF) Receives “Buy” Rating from DA Davidson

DA Davidson restated their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a report published on Wednesday, Benzinga reports. The brokerage currently has a $223.00 price target on the stock.

A number of other brokerages have also recently commented on ELF. UBS Group reduced their target price on e.l.f. Beauty from $250.00 to $230.00 and set a buy rating for the company in a report on Friday, August 9th. Canaccord Genuity Group raised their price objective on e.l.f. Beauty from $214.00 to $250.00 and gave the company a buy rating in a report on Tuesday, June 18th. Stifel Nicolaus lifted their target price on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the stock a hold rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. reduced their target price on shares of e.l.f. Beauty from $224.00 to $207.00 and set an overweight rating for the company in a research report on Friday, August 9th. Finally, Piper Sandler lowered their price target on shares of e.l.f. Beauty from $260.00 to $162.00 and set an overweight rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $198.80.

e.l.f. Beauty Stock Up 1.9 %

e.l.f. Beauty stock opened at $114.52 on Wednesday. e.l.f. Beauty has a 12 month low of $88.47 and a 12 month high of $221.83. The stock has a market capitalization of $6.41 billion, a PE ratio of 51.59, a price-to-earnings-growth ratio of 2.37 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. The business has a 50 day simple moving average of $157.55 and a 200-day simple moving average of $175.67.

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

Insider Buying and Selling at e.l.f. Beauty

In other news, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the sale, the senior vice president now owns 71,986 shares in the company, valued at approximately $14,489,342.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tarang Amin sold 15,386 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the transaction, the chief executive officer now directly owns 171,329 shares in the company, valued at approximately $34,411,429.65. The disclosure for this sale can be found here. Insiders sold a total of 19,304 shares of company stock worth $3,864,492 over the last three months. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ELF. Ashton Thomas Private Wealth LLC purchased a new position in e.l.f. Beauty in the 2nd quarter valued at approximately $26,000. Matrix Trust Co purchased a new stake in shares of e.l.f. Beauty during the second quarter worth $27,000. Innealta Capital LLC acquired a new stake in shares of e.l.f. Beauty in the second quarter valued at $30,000. Harbor Investment Advisory LLC purchased a new position in e.l.f. Beauty in the first quarter valued at $31,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after purchasing an additional 138 shares in the last quarter. Institutional investors and hedge funds 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.