e.l.f. Beauty (ELF) – What Are Analysts Saying About This Stock?

e.l.f. Beauty (NYSE:ELF – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $117.50.

ELF has been the topic of a number of recent analyst reports. Bank of America increased their target price on shares of e.l.f. Beauty from $100.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. The Goldman Sachs Group set a $100.00 target price on e.l.f. Beauty in a report on Thursday, August 6th. Piper Sandler boosted their price target on shares of e.l.f. Beauty from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday. TD Cowen assumed coverage on shares of e.l.f. Beauty in a research report on Friday, October 30th. They issued a “strong-buy” rating on the stock. Finally, Zacks Research upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th.

Get Our Latest Report on e.l.f. Beauty

e.l.f. Beauty Trading Up 5.8%

ELF opened at $116.22 on Friday. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 40.99, a price-to-earnings-growth ratio of 2.91 and a beta of 1.61. The firm has a 50 day simple moving average of $106.27 and a 200 day simple moving average of $82.18. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $123.13.

e.l.f. Beauty (NYSE:ELF – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.61. The business had revenue of $520.82 million during the quarter, compared to the consensus estimate of $473.51 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%. The company’s quarterly revenue was up 51.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. On average, sell-side analysts anticipate that e.l.f. Beauty will post 2.69 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Joshua Franks sold 8,366 shares of e.l.f. Beauty stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $110.01, for a total value of $920,343.66. Following the completion of the transaction, the senior vice president owned 126,931 shares in the company, valued at approximately $13,963,679.31. This trade represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mandy Fields sold 16,065 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $104.52, for a total value of $1,679,113.80. Following the sale, the insider owned 90,896 shares in the company, valued at $9,500,449.92. This trade represents a 15.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 91,821 shares of company stock valued at $9,624,513 over the last 90 days. 3.50% of the stock is currently owned by insiders.

Institutional Trading of e.l.f. Beauty

Institutional investors and hedge funds have recently bought and sold shares of the company. Diversified Trust Co grew its stake in shares of e.l.f. Beauty by 4.3% in the third quarter. Diversified Trust Co now owns 9,552 shares of the company’s stock worth $964,000 after acquiring an additional 396 shares during the last quarter. Private Advisory Group LLC bought a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at about $1,389,000. Russell Investments Group Ltd. boosted its position in e.l.f. Beauty by 92.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 83,526 shares of the company’s stock valued at $8,434,000 after acquiring an additional 40,154 shares in the last quarter. Eurizon Capital SGR S.p.A. grew its holdings in e.l.f. Beauty by 35.6% during the third quarter. Eurizon Capital SGR S.p.A. now owns 788 shares of the company’s stock valued at $80,000 after purchasing an additional 207 shares during the period. Finally, CENTRAL TRUST Co grew its position in e.l.f. Beauty by 17,570.0% in the 3rd quarter. CENTRAL TRUST Co now owns 1,767 shares of the company’s stock valued at $178,000 after acquiring an additional 1,757 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Key Stories Impacting e.l.f. Beauty

Here are the key news stories impacting e.l.f. Beauty this week:

About e.l.f. Beauty

(Get Free Report)

e.l.f. Beauty, Inc is a cosmetics and skincare company that develops, markets and sells beauty products under a portfolio of brands. Its offerings include makeup, skin care, hair care and other personal-care products designed to provide accessible, trend-focused beauty options across a range of categories.

The company’s portfolio includes e.l.f. Cosmetics, Well People, Keys Soulcare and Naturium. Its products are sold through mass retailers, specialty beauty stores, e-commerce platforms and the brands’ direct-to-consumer websites.

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Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

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