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

e.l.f. Beauty (NYSE:ELF)‘s stock had its “buy” rating reiterated by DA Davidson in a research note issued to investors on Thursday,Benzinga reports. They presently have a $170.00 target price on the stock. DA Davidson’s price objective suggests a potential upside of 32.13% from the company’s previous close.

Other research analysts also recently issued reports about the company. B. Riley cut their price target on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Robert W. Baird dropped their target price on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $165.00 price objective (up previously from $162.00) on shares of e.l.f. Beauty in a research note on Thursday, November 7th. Finally, Stifel Nicolaus decreased their target price on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.82.

e.l.f. Beauty Stock Down 0.3 %

Shares of NYSE:ELF opened at $128.66 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $7.25 billion, a P/E ratio of 69.55, a P/E/G ratio of 3.03 and a beta of 1.49. e.l.f. Beauty has a 52-week low of $98.50 and a 52-week high of $221.83. The stock’s fifty day simple moving average is $121.61 and its 200-day simple moving average is $147.27.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The company 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. As a group, equities research analysts forecast that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

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

In other news, insider Scott Milsten sold 530 shares of the stock in a transaction dated 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 owns 68,853 shares in the company, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at $245,440. This trade represents a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock valued at $297,442 over the last three months. 3.50% of the stock is owned by company insiders.

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

A number of large investors have recently added to or reduced their stakes in ELF. Logan Capital Management Inc. boosted its position in e.l.f. Beauty by 6.4% in the 3rd quarter. Logan Capital Management Inc. now owns 42,923 shares of the company’s stock valued at $4,680,000 after buying an additional 2,565 shares during the last quarter. Retirement Systems of Alabama lifted its stake in shares of e.l.f. Beauty by 83.6% in the third quarter. Retirement Systems of Alabama now owns 143,758 shares of the company’s stock worth $15,674,000 after acquiring an additional 65,448 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in e.l.f. Beauty in the third quarter valued at about $1,160,000. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty during the 3rd quarter valued at approximately $25,000. Finally, Sanctuary Advisors LLC increased its holdings in e.l.f. Beauty by 33.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,981 shares of the company’s stock worth $761,000 after purchasing an additional 1,753 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

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.