e.l.f. Beauty, Inc. (NYSE:ELF) Receives Consensus Recommendation of “Buy” from Analysts

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have been given a consensus recommendation of “Buy” by the eighteen analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $169.06.

A number of research firms have commented on ELF. DA Davidson reaffirmed a “buy” rating and issued a $170.00 target price on shares of e.l.f. Beauty in a research report on Tuesday. Deutsche Bank Aktiengesellschaft began coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They set a “hold” rating and a $133.00 price target for the company. Piper Sandler increased their target price on e.l.f. Beauty from $165.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Jefferies Financial Group cut their price target on shares of 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. Finally, Stifel Nicolaus dropped their price objective on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a report on Thursday, November 7th.

Insider Transactions at e.l.f. Beauty

In related news, insider Scott Milsten sold 530 shares of the company’s stock in a transaction on Friday, December 6th. The shares were 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 $9,474,172.80. This represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maureen C. Watson sold 785 shares of the firm’s 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 transaction, the director now directly owns 1,888 shares in the company, valued at $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. New Wave Wealth Advisors LLC purchased a new stake in e.l.f. Beauty in the 4th quarter valued at approximately $65,000. OLD National Bancorp IN acquired a new position in e.l.f. Beauty during the fourth quarter worth $276,000. Highland Capital Management LLC acquired a new position in e.l.f. Beauty during the fourth quarter worth $1,250,000. Ibex Wealth Advisors purchased a new stake in shares of e.l.f. Beauty during the 4th quarter worth $5,519,000. Finally, Swedbank AB increased its holdings in shares of e.l.f. Beauty by 16.0% in the 4th quarter. Swedbank AB now owns 812,000 shares of the company’s stock valued at $101,947,000 after purchasing an additional 112,000 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Up 1.5 %

NYSE ELF opened at $118.47 on Friday. 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 has a 52 week low of $98.50 and a 52 week high of $221.83. The business’s fifty day simple moving average is $128.76 and its 200-day simple moving average is $135.25. The firm has a market cap of $6.67 billion, a PE ratio of 64.04, a P/E/G ratio of 2.06 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating 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 firm had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. During the same period in the prior year, the firm posted $0.66 earnings per share. The firm’s quarterly revenue was up 39.7% on a year-over-year basis. As a group, equities analysts anticipate that e.l.f. Beauty will post 2.8 earnings per share for the current year.

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.