e.l.f. Beauty’s (ELF) “Buy” Rating Reaffirmed at DA Davidson

DA Davidson restated their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a research report report published on Thursday, Benzinga reports. DA Davidson currently has a $220.00 price objective on the stock.

ELF has been the subject of a number of other reports. Canaccord Genuity Group restated a buy rating and issued a $214.00 target price on shares of e.l.f. Beauty in a research note on Tuesday, May 21st. Stifel Nicolaus cut their target price on e.l.f. Beauty from $167.00 to $151.00 and set a hold rating for the company in a research report on Monday, May 20th. Truist Financial upped their price target on e.l.f. Beauty from $150.00 to $200.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Robert W. Baird initiated coverage on e.l.f. Beauty in a report on Tuesday, January 30th. They set a neutral rating and a $185.00 price objective for the company. Finally, StockNews.com lowered shares of e.l.f. Beauty from a hold rating to a sell rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $183.77.

e.l.f. Beauty Trading Up 3.6 %

e.l.f. Beauty stock opened at $191.42 on Thursday. The business has a 50 day moving average price of $173.42 and a two-hundred day moving average price of $161.00. The company has a quick ratio of 0.83, a current ratio of 1.60 and a debt-to-equity ratio of 0.25. e.l.f. Beauty has a 12 month low of $88.47 and a 12 month high of $221.83. The stock has a market cap of $10.63 billion, a price-to-earnings ratio of 86.23, a price-to-earnings-growth ratio of 1.80 and a beta of 1.60.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total value of $4,677,693.91. Following the transaction, the chief executive officer now directly owns 10,889 shares of the company’s stock, valued at $2,165,713.21. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Kory Marchisotto sold 29,408 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $166.40, for a total transaction of $4,893,491.20. Following the completion of the transaction, the insider now directly owns 156,969 shares in the company, valued at approximately $26,119,641.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tarang Amin sold 23,519 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the sale, the chief executive officer now directly owns 10,889 shares of the company’s stock, valued at $2,165,713.21. The disclosure for this sale can be found here. Insiders sold a total of 201,600 shares of company stock valued at $34,307,124 over the last ninety days. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ELF. Wellington Management Group LLP increased its stake in e.l.f. Beauty by 235.8% in the third quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock valued at $265,196,000 after purchasing an additional 1,695,585 shares in the last quarter. FMR LLC grew its holdings in shares of e.l.f. Beauty by 641.2% in the 3rd quarter. FMR LLC now owns 832,404 shares of the company’s stock valued at $91,423,000 after buying an additional 720,098 shares during the period. Clearbridge Investments LLC bought a new stake in shares of e.l.f. Beauty in the 1st quarter valued at $133,940,000. Norges Bank acquired a new stake in e.l.f. Beauty during the 4th quarter worth $95,611,000. Finally, William Blair Investment Management LLC lifted its holdings in e.l.f. Beauty by 58.2% during the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock worth $156,427,000 after acquiring an additional 523,903 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

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.