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

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $116.88.

ELF has been the subject of several research reports. Stifel Nicolaus decreased their price target on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. Raymond James decreased their target price on shares of e.l.f. Beauty from $120.00 to $85.00 and set a “strong-buy” rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price objective on shares of e.l.f. Beauty from $127.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Piper Sandler lowered their target price on e.l.f. Beauty from $90.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Finally, B. Riley reissued a “buy” rating and set a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th.

e.l.f. Beauty Stock Down 0.2 %

Shares of ELF stock opened at $67.92 on Tuesday. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 40.19, a P/E/G ratio of 6.76 and a beta of 1.31. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $219.77. The firm has a fifty day moving average of $61.33 and a 200-day moving average of $95.57. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. As a group, equities research analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

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

In related news, Director Maureen C. Watson sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the completion of the sale, the senior vice president now owns 114,660 shares of the company’s stock, valued at $6,118,257.60. This trade represents a 30.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 204,618 shares of company stock worth $10,974,536 over the last ninety days. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty during the third quarter worth approximately $25,000. Nemes Rush Group LLC acquired a new position in e.l.f. Beauty in the 4th quarter valued at $27,000. Orion Capital Management LLC bought a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $30,000. Promus Capital LLC acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth $31,000. Finally, Kestra Investment Management LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter worth $32,000. 92.44% of the stock is 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.