Brokerages Set e.l.f. Beauty, Inc. (NYSE:ELF) Target Price at $171.82

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have been given a consensus rating of “Moderate Buy” by the eighteen research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $171.82.

A number of equities research analysts have recently issued reports on ELF shares. Robert W. Baird cut their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft started coverage on e.l.f. Beauty in a report on Thursday, December 12th. They set a “hold” rating and a $133.00 price target for the company. B. Riley decreased their price objective on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Morgan Stanley cut their price objective on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. Finally, Canaccord Genuity Group decreased their target price on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th.

e.l.f. Beauty Stock Down 2.4 %

ELF stock opened at $127.76 on Wednesday. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 69.06, a P/E/G ratio of 3.03 and a beta of 1.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The business’s 50-day moving average is $123.67 and its two-hundred day moving average is $144.74. e.l.f. Beauty has a fifty-two week low of $98.50 and a fifty-two week high of $221.83.

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

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

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty 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 sale, the director now owns 1,888 shares of the company’s stock, valued at $245,440. The trade was a 29.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Scott Milsten sold 530 shares of the company’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 sale, the insider now directly owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock valued at $297,442 in the last 90 days. Insiders own 3.50% of the company’s stock.

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

Large investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board purchased a new position in shares of e.l.f. Beauty in the 2nd quarter worth $6,659,000. Sumitomo Mitsui Trust Group Inc. grew its position in e.l.f. Beauty by 1,380.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock worth $1,775,000 after acquiring an additional 15,184 shares in the last quarter. Cetera Investment Advisers increased its stake in e.l.f. Beauty by 33.8% during the second quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock worth $8,285,000 after acquiring an additional 9,939 shares during the last quarter. Clearbridge Investments LLC raised its position in e.l.f. Beauty by 84.4% during the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after purchasing an additional 576,383 shares during the period. Finally, Congress Asset Management Co. lifted its stake in shares of e.l.f. Beauty by 14.2% in the 3rd quarter. Congress Asset Management Co. now owns 503,577 shares of the company’s stock valued at $54,905,000 after purchasing an additional 62,480 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

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.