e.l.f. Beauty’s (ELF) Equal Weight Rating Reiterated at Morgan Stanley

Morgan Stanley reissued their equal weight rating on shares of e.l.f. Beauty (NYSE:ELF) in a research report released on Friday morning, MarketBeat.com reports. Morgan Stanley currently has a $70.00 target price on the stock, down from their previous target price of $153.00.

Several other analysts have also weighed in on the company. The Goldman Sachs Group began coverage on e.l.f. Beauty in a report on Friday, December 13th. They set a “buy” rating and a $165.00 price target on the stock. Canaccord Genuity Group lowered their target price on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Truist Financial upped their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Stifel Nicolaus dropped their target price on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Finally, UBS Group restated a “neutral” rating and set a $74.00 price objective (down previously from $158.00) on shares of e.l.f. Beauty in a report on Friday. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.00.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $71.12 on Friday. The stock has a 50 day moving average of $123.67 and a 200 day moving average 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 current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The firm has a market cap of $4.01 billion, a PE ratio of 38.44, a PEG ratio of 1.74 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates 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%. On average, research analysts expect that e.l.f. Beauty will post 2.8 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Tarang Amin sold 890 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the sale, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the transaction, the director now owns 1,888 shares of the company’s stock, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is owned by company insiders.

Institutional Trading of e.l.f. Beauty

Institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. grew its position in shares of e.l.f. Beauty by 51.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after purchasing an additional 2,703,742 shares during the period. State Street Corp lifted its holdings in e.l.f. Beauty by 3.7% in the 3rd quarter. State Street Corp now owns 1,665,203 shares of the company’s stock valued at $181,557,000 after purchasing an additional 59,248 shares in the last quarter. FMR LLC grew its holdings in shares of e.l.f. Beauty by 5.5% during the third quarter. FMR LLC now owns 1,186,766 shares of the company’s stock worth $129,393,000 after buying an additional 61,524 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in shares of e.l.f. Beauty in the third quarter valued at about $121,558,000. Finally, Geode Capital Management LLC boosted its position in e.l.f. Beauty by 2.7% during the third quarter. Geode Capital Management LLC now owns 955,064 shares of the company’s stock worth $104,158,000 after acquiring an additional 24,778 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.