Shares of e.l.f. Beauty, Inc. (NYSE:ELF – Get Rating) have earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $48.22.
Several brokerages recently weighed in on ELF. Truist Financial boosted their price objective on e.l.f. Beauty from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, September 15th. Morgan Stanley lifted their target price on e.l.f. Beauty from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, November 3rd. JPMorgan Chase & Co. lifted their target price on e.l.f. Beauty from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday, November 3rd. Jefferies Financial Group lifted their target price on e.l.f. Beauty from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, September 22nd. Finally, Raymond James boosted their price objective on e.l.f. Beauty from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, November 3rd.
Insider Activity
In other news, CEO Tarang Amin sold 100,000 shares of the business’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $46.01, for a total transaction of $4,601,000.00. Following the transaction, the chief executive officer now directly owns 347,496 shares in the company, valued at approximately $15,988,290.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Tarang Amin sold 100,000 shares of the company’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $46.01, for a total value of $4,601,000.00. Following the completion of the sale, the chief executive officer now directly owns 347,496 shares in the company, valued at $15,988,290.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maureen C. Watson sold 12,852 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $37.53, for a total transaction of $482,335.56. Following the completion of the sale, the director now owns 6,260 shares of the company’s stock, valued at $234,937.80. The disclosure for this sale can be found here. Insiders have sold a total of 370,715 shares of company stock worth $15,081,408 in the last ninety days. Corporate insiders own 8.20% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. WD Rutherford LLC grew its stake in e.l.f. Beauty by 1.8% during the third quarter. WD Rutherford LLC now owns 18,260 shares of the company’s stock worth $687,000 after buying an additional 320 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in shares of e.l.f. Beauty by 7.6% during the first quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock valued at $174,000 after purchasing an additional 476 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of e.l.f. Beauty by 6.5% during the first quarter. Teacher Retirement System of Texas now owns 9,664 shares of the company’s stock valued at $250,000 after purchasing an additional 593 shares during the last quarter. Texas Permanent School Fund grew its stake in shares of e.l.f. Beauty by 2.0% during the second quarter. Texas Permanent School Fund now owns 34,658 shares of the company’s stock valued at $1,063,000 after purchasing an additional 663 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of e.l.f. Beauty by 4.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 16,532 shares of the company’s stock valued at $622,000 after purchasing an additional 754 shares during the last quarter. Institutional investors and hedge funds own 94.61% of the company’s stock.
e.l.f. Beauty Stock Up 3.7 %
Shares of NYSE ELF opened at $51.57 on Friday. e.l.f. Beauty has a 1 year low of $20.49 and a 1 year high of $52.01. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 81.86, a PEG ratio of 3.85 and a beta of 1.52. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.31 and a current ratio of 3.44. The stock’s 50-day simple moving average is $41.05 and its 200-day simple moving average is $33.62.
e.l.f. Beauty (NYSE:ELF – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.12. The firm had revenue of $122.35 million during the quarter, compared to analyst estimates of $106.29 million. e.l.f. Beauty had a return on equity of 11.83% and a net margin of 7.57%. As a group, equities analysts anticipate that e.l.f. Beauty will post 0.76 earnings per share for the current fiscal year.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.
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