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

e.l.f. Beauty (NYSE:ELF)‘s stock had its “buy” rating reaffirmed by equities research analysts at DA Davidson in a note issued to investors on Tuesday,Benzinga reports. They presently have a $170.00 price target on the stock. DA Davidson’s price objective would indicate a potential upside of 45.56% from the stock’s current price.

Several other research firms have also issued reports on ELF. UBS Group upped their target price on e.l.f. Beauty from $156.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Stifel Nicolaus dropped their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. The Goldman Sachs Group assumed coverage on shares of e.l.f. Beauty in a research note on Friday, December 13th. They issued a “buy” rating and a $165.00 target price for the company. B. Riley dropped their price target on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their price objective 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $169.06.

e.l.f. Beauty Trading Down 1.4 %

NYSE:ELF opened at $116.79 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. e.l.f. Beauty has a twelve month low of $98.50 and a twelve month high of $221.83. The company has a market cap of $6.58 billion, a P/E ratio of 63.13, a price-to-earnings-growth ratio of 2.21 and a beta of 1.50. The business has a 50 day moving average price of $128.88 and a two-hundred day moving average price of $135.38.

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

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

In related news, insider Scott Milsten sold 530 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Tarang Amin sold 890 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock valued at $297,442 in the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Several large investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty during the third quarter worth about $25,000. Planning Capital Management Corp lifted its holdings in shares of e.l.f. Beauty by 1,855.0% during the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after acquiring an additional 371 shares during the period. nVerses Capital LLC bought a new stake in shares of e.l.f. Beauty during the 3rd quarter worth approximately $44,000. Peterson Financial Group Inc. acquired a new position in e.l.f. Beauty during the third quarter valued at approximately $45,000. Finally, Blue Trust Inc. raised its position in e.l.f. Beauty by 2,357.1% during the third quarter. Blue Trust Inc. now owns 516 shares of the company’s stock valued at $56,000 after purchasing an additional 495 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

About e.l.f. Beauty

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.