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

DA Davidson reaffirmed their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a report published on Wednesday morning,Benzinga reports. DA Davidson currently has a $170.00 price objective on the stock.

Other equities research analysts have also issued reports about the stock. Truist Financial increased their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Stifel Nicolaus reduced their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday. The Goldman Sachs Group assumed coverage on shares of e.l.f. Beauty in a research note on Friday, December 13th. They set a “buy” rating and a $165.00 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, UBS Group raised their price target on e.l.f. Beauty from $156.00 to $158.00 and gave the company a “buy” rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $166.35.

e.l.f. Beauty Trading Down 1.5 %

NYSE:ELF opened at $87.09 on Wednesday. e.l.f. Beauty has a one year low of $85.41 and a one year high of $221.83. The business has a fifty day moving average price of $125.24 and a 200-day moving average price of $129.18. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 47.08, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. 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 business posted $0.66 earnings per share. The business’s quarterly revenue was up 39.7% on a year-over-year basis. Sell-side analysts forecast that e.l.f. Beauty will post 2.8 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other news, insider Scott Milsten sold 530 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the sale, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the transaction, the director now owns 1,888 shares of the company’s stock, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock valued at $297,442 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On e.l.f. Beauty

Several large investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new position in e.l.f. Beauty during the third quarter worth $25,000. Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty during the 4th quarter worth about $32,000. Planning Capital Management Corp grew its holdings in 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 valued at $43,000 after purchasing an additional 371 shares during the last quarter. nVerses Capital LLC bought a new position in e.l.f. Beauty during the 3rd quarter valued at about $44,000. Finally, Peterson Financial Group Inc. purchased a new stake in e.l.f. Beauty in the 3rd quarter worth about $45,000. 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.