e.l.f. Beauty’s (ELF) Buy Rating Reiterated at DA Davidson

DA Davidson reaffirmed their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a research report report published on Tuesday morning,Benzinga reports. DA Davidson currently has a $170.00 price objective on the stock.

Other equities analysts also recently issued reports about the company. Piper Sandler upped their target price on e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. UBS Group increased their price objective on e.l.f. Beauty from $156.00 to $158.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Stifel Nicolaus decreased their target price on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of e.l.f. Beauty in a report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target on the stock. Finally, Morgan Stanley upgraded shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $139.00 to $153.00 in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $169.06.

e.l.f. Beauty Price Performance

ELF opened at $118.47 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $128.76 and its 200-day simple moving average is $135.25. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 64.04, a PEG ratio of 2.06 and a beta of 1.50. e.l.f. Beauty has a 12-month low of $98.50 and a 12-month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. During the same period last year, the business posted $0.66 EPS. The business’s revenue was up 39.7% compared to the same quarter last year. On average, equities research analysts anticipate that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the sale, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott Milsten sold 530 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the transaction, the insider now directly owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock valued at $297,442 in the last 90 days. 3.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On e.l.f. Beauty

Institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of e.l.f. Beauty in the 3rd quarter worth approximately $25,000. Planning Capital Management Corp boosted its holdings in shares of e.l.f. Beauty by 1,855.0% during the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after acquiring an additional 371 shares during the period. nVerses Capital LLC acquired a new position in shares of e.l.f. Beauty during the third quarter valued at $44,000. Peterson Financial Group Inc. bought a new position in shares of e.l.f. Beauty during the third quarter worth about $45,000. Finally, Blue Trust Inc. increased its holdings in shares of e.l.f. Beauty by 2,357.1% in the 3rd quarter. Blue Trust Inc. now owns 516 shares of the company’s stock worth $56,000 after acquiring an additional 495 shares during the period. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.