e.l.f. Beauty, Inc. (NYSE:ELF) Receives Average Rating of “Buy” from Brokerages

e.l.f. Beauty, Inc. (NYSE:ELF) has earned an average recommendation of “Buy” from the sixteen research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $198.80.

ELF has been the topic of a number of analyst reports. Canaccord Genuity Group raised 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. Canaccord Genuity Group increased their price target on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Robert W. Baird boosted their price target on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Piper Sandler dropped their target price on shares of e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, Raymond James restated a “strong-buy” rating and set a $235.00 price objective on shares of e.l.f. Beauty in a research report on Monday, July 22nd.

Insider Buying and Selling

In other news, CEO Tarang Amin sold 548 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the transaction, the chief executive officer now directly owns 214,507 shares in the company, valued at $37,538,725. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the sale, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at $37,538,725. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the transaction, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,304 shares of company stock valued at $3,864,492. Corporate insiders own 5.20% of the company’s stock.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter worth about $26,000. Matrix Trust Co acquired a new position in e.l.f. Beauty during the second quarter worth about $27,000. Innealta Capital LLC bought a new stake in shares of e.l.f. Beauty in the 2nd quarter worth approximately $30,000. Harbor Investment Advisory LLC bought a new position in shares of e.l.f. Beauty in the first quarter valued at $31,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after purchasing an additional 138 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Trading Down 1.5 %

ELF opened at $112.89 on Monday. The firm has a market cap of $6.31 billion, a P/E ratio of 50.85, a P/E/G ratio of 2.37 and a beta of 1.45. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $153.71 and a 200-day simple moving average of $174.58. e.l.f. Beauty has a 52 week low of $88.47 and a 52 week high of $221.83.

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

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.