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

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have been given an average rating of “Buy” by the eleven research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $28.33.

A number of brokerages have recently commented on ELF. JPMorgan Chase & Co. lifted their price target on shares of e.l.f. Beauty from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, April 16th. Morgan Stanley lifted their price target on shares of e.l.f. Beauty from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, April 26th. Piper Sandler upgraded shares of e.l.f. Beauty from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $24.00 to $30.00 in a research note on Tuesday, March 16th. Zacks Investment Research lowered shares of e.l.f. Beauty from a “buy” rating to a “hold” rating in a research note on Tuesday, April 27th. Finally, Truist lifted their price target on shares of e.l.f. Beauty from $25.00 to $30.00 in a research note on Thursday, February 4th.

In other e.l.f. Beauty news, insider Mandy J. Fields sold 13,940 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of $26.21, for a total transaction of $365,367.40. Following the transaction, the insider now owns 165,867 shares of the company’s stock, valued at $4,347,374.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joshua Allen Franks sold 5,689 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, March 4th. The shares were sold at an average price of $25.62, for a total transaction of $145,752.18. Following the transaction, the senior vice president now directly owns 70,091 shares in the company, valued at approximately $1,795,731.42. The disclosure for this sale can be found here. Insiders have sold 460,492 shares of company stock valued at $13,107,521 over the last 90 days. 15.00% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of ELF. Point72 Hong Kong Ltd purchased a new position in e.l.f. Beauty during the first quarter valued at approximately $30,000. SG Americas Securities LLC purchased a new position in shares of e.l.f. Beauty in the fourth quarter worth $122,000. Mutual of America Capital Management LLC purchased a new position in shares of e.l.f. Beauty in the first quarter worth $138,000. Trexquant Investment LP purchased a new position in shares of e.l.f. Beauty in the first quarter worth $221,000. Finally, ProShare Advisors LLC purchased a new position in shares of e.l.f. Beauty in the fourth quarter worth $252,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.

NYSE:ELF traded up $0.41 on Monday, reaching $29.27. 264,067 shares of the stock traded hands, compared to its average volume of 807,032. The company’s fifty day simple moving average is $28.93 and its 200 day simple moving average is $24.88. e.l.f. Beauty has a 12 month low of $13.92 and a 12 month high of $31.29. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 154.06 and a beta of 2.02. The company has a current ratio of 2.49, a quick ratio of 1.43 and a debt-to-equity ratio of 0.47.

About e.l.f. Beauty

e.l.f. Beauty, Inc, through its subsidiaries, provides cosmetic and skin care products under the e.l.f. and W3LL PEOPLE brand names worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. 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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Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

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