e.l.f. Beauty’s (ELF) Buy Rating Reiterated at DA Davidson

e.l.f. Beauty (NYSE:ELF)‘s stock had its “buy” rating restated by stock analysts at DA Davidson in a report released on Monday,Benzinga reports. They currently have a $170.00 price target on the stock. DA Davidson’s price objective indicates a potential upside of 36.72% from the stock’s previous close.

Several other research firms have also recently weighed in on ELF. UBS Group lowered their price objective on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Bank of America lowered their price objective on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Jefferies Financial Group lowered their price objective on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their target price on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Finally, Morgan Stanley decreased their target price on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $173.53.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $124.34 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 67.21, a PEG ratio of 2.77 and a beta of 1.44. e.l.f. Beauty has a 12 month low of $98.50 and a 12 month high of $221.83. The stock’s 50 day moving average price is $112.82 and its 200 day moving average price is $152.11.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 earnings per share. Equities research analysts anticipate that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at $14,465,883.20. The trade was a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new stake in e.l.f. Beauty in the third quarter valued at about $25,000. Sanctuary Advisors LLC increased its stake in e.l.f. Beauty by 33.5% in the third quarter. Sanctuary Advisors LLC now owns 6,981 shares of the company’s stock valued at $761,000 after acquiring an additional 1,753 shares during the period. Sunbelt Securities Inc. increased its stake in e.l.f. Beauty by 26.4% in the third quarter. Sunbelt Securities Inc. now owns 1,058 shares of the company’s stock valued at $115,000 after acquiring an additional 221 shares during the period. Coldstream Capital Management Inc. increased its stake in e.l.f. Beauty by 319.2% in the third quarter. Coldstream Capital Management Inc. now owns 4,179 shares of the company’s stock valued at $501,000 after acquiring an additional 3,182 shares during the period. Finally, Geode Capital Management LLC increased its stake in e.l.f. Beauty by 2.7% in the third quarter. Geode Capital Management LLC now owns 955,064 shares of the company’s stock valued at $104,158,000 after acquiring an additional 24,778 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.