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

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $186.58.

Several research firms recently issued reports on ELF. JPMorgan Chase & Co. raised their price objective on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. Stifel Nicolaus boosted their price objective on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. TD Cowen boosted their price objective on shares of e.l.f. Beauty from $185.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. Bank of America upped their price objective on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Robert W. Baird assumed coverage on shares of e.l.f. Beauty in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 price objective for the company.

Insider Buying and Selling at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,142 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $139.44, for a total value of $3,226,920.48. Following the sale, the chief executive officer now owns 44,263 shares in the company, valued at $6,172,032.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Tarang Amin sold 23,142 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $139.44, for a total value of $3,226,920.48. Following the sale, the chief executive officer now directly owns 44,263 shares of the company’s stock, valued at $6,172,032.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott Milsten sold 10,000 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $150.06, for a total transaction of $1,500,600.00. Following the transaction, the insider now owns 79,104 shares of the company’s stock, valued at $11,870,346.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,922 shares of company stock valued at $10,145,374. Company insiders own 5.20% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Several institutional investors and hedge funds have recently modified their holdings of ELF. Advisor Group Holdings Inc. lifted 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 worth $174,000 after buying an additional 476 shares during the period. Bank of New York Mellon Corp lifted its holdings in e.l.f. Beauty by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 428,775 shares of the company’s stock worth $11,076,000 after buying an additional 4,476 shares in the last quarter. Citigroup Inc. increased its position in shares of e.l.f. Beauty by 12.4% in the 1st quarter. Citigroup Inc. now owns 41,711 shares of the company’s stock valued at $1,077,000 after purchasing an additional 4,617 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new position in shares of e.l.f. Beauty in the 1st quarter valued at $342,000. Finally, MetLife Investment Management LLC grew its position in e.l.f. Beauty by 53.3% during the 1st quarter. MetLife Investment Management LLC now owns 26,424 shares of the company’s stock worth $683,000 after purchasing an additional 9,189 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 0.1 %

Shares of ELF stock opened at $196.03 on Monday. The company has a market capitalization of $10.88 billion, a price-to-earnings ratio of 86.74, a PEG ratio of 2.20 and a beta of 1.60. e.l.f. Beauty has a one year low of $78.62 and a one year high of $221.83. The company’s fifty day moving average price is $184.78 and its 200-day moving average price is $143.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.11. The company had revenue of $270.94 million during the quarter, compared to analysts’ expectations of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. Sell-side analysts expect that e.l.f. Beauty will post 2.49 EPS 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.