e.l.f. Beauty’s (ELF) “Buy” Rating Reaffirmed at B. Riley

B. Riley reiterated their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a report published on Friday,Benzinga reports. The firm currently has a $90.00 price objective on the stock, down from their prior price objective of $150.00.

Several other research analysts also recently commented on the stock. DA Davidson downgraded shares of e.l.f. Beauty from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $170.00 to $80.00 in a research report on Friday. Jefferies Financial Group reduced their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Morgan Stanley reissued an “equal weight” rating and issued a $70.00 target price (down previously from $153.00) on shares of e.l.f. Beauty in a report on Friday. The Goldman Sachs Group assumed coverage on shares of e.l.f. Beauty in a research report on Friday, December 13th. They set a “buy” rating and a $165.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price 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. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.00.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $71.12 on Friday. The firm has a 50-day moving average price of $123.67 and a two-hundred day moving average price of $128.61. e.l.f. Beauty has a 12-month low of $63.50 and a 12-month high of $221.83. The company has a market capitalization of $4.01 billion, a P/E ratio of 38.44, a P/E/G ratio of 1.74 and a beta of 1.47. 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 (NYSE:ELF) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. Analysts anticipate that e.l.f. Beauty will post 2.8 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. This trade represents a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the sale, the insider now owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This trade represents a 0.76 % 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 over the last 90 days. Insiders own 3.50% of the company’s stock.

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

Several institutional investors have recently added to or reduced their stakes in ELF. Nisa Investment Advisors LLC increased its stake in shares of e.l.f. Beauty by 3.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock worth $361,000 after purchasing an additional 91 shares in the last quarter. Truist Financial Corp boosted its holdings in e.l.f. Beauty by 1.3% in the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock worth $990,000 after buying an additional 102 shares during the period. Arizona State Retirement System grew its stake in e.l.f. Beauty by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock valued at $2,055,000 after buying an additional 128 shares in the last quarter. Cetera Trust Company N.A raised its holdings in e.l.f. Beauty by 14.4% during the 3rd quarter. Cetera Trust Company N.A now owns 1,030 shares of the company’s stock valued at $112,000 after acquiring an additional 130 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its position in shares of e.l.f. Beauty by 7.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock worth $262,000 after acquiring an additional 150 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.