e.l.f. Beauty, Inc. (NYSE:ELF) Given Consensus Recommendation of “Moderate Buy” by Analysts

e.l.f. Beauty, Inc. (NYSE:ELF) has been given an average rating of “Moderate Buy” by the eighteen research firms that are currently covering the company, MarketBeat.com reports. Five 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. The average 1 year target price among analysts that have issued a report on the stock in the last year is $134.00.

A number of research analysts have recently issued reports on the stock. Raymond James dropped their price target on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research note on Friday, February 7th. DA Davidson reiterated a “neutral” rating and set a $80.00 price target on shares of e.l.f. Beauty in a research note on Tuesday. UBS Group restated a “neutral” rating and set a $74.00 target price (down from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They set a “hold” rating and a $133.00 target price on the stock. Finally, B. Riley restated a “buy” rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now owns 1,888 shares of the company’s stock, valued at $245,440. This trade represents a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 890 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,205 shares of company stock valued at $297,442. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On e.l.f. Beauty

A number of large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its stake in e.l.f. Beauty by 3.3% during 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 during the period. Truist Financial Corp raised its stake in e.l.f. Beauty by 1.3% during the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock worth $990,000 after purchasing an additional 102 shares during the period. Arizona State Retirement System increased its position in shares of e.l.f. Beauty by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock worth $2,055,000 after acquiring an additional 128 shares in the last quarter. Cetera Trust Company N.A increased its position in shares of e.l.f. Beauty by 14.4% in the third quarter. Cetera Trust Company N.A now owns 1,030 shares of the company’s stock worth $112,000 after acquiring an additional 130 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of e.l.f. Beauty by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company’s stock worth $2,967,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $73.26 on Thursday. The company has a 50-day simple moving average of $114.01 and a 200-day simple moving average of $122.43. e.l.f. Beauty has a one year low of $63.50 and a one year high of $221.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 43.35, a PEG ratio of 6.94 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. On average, analysts predict that e.l.f. Beauty will post 2.38 EPS for the current year.

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.