e.l.f. Beauty, Inc. (NYSE:ELF) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have received a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $184.33.

A number of research firms have commented on ELF. Stifel Nicolaus boosted their price target on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. TD Cowen upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and reduced their price target for the company from $220.00 to $190.00 in a research report on Wednesday. Robert W. Baird began 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 target on the stock. Bank of America boosted their price target on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Morgan Stanley boosted their price target on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th.

Insider Transactions at e.l.f. Beauty

In related news, SVP Joshua Allen Franks sold 727 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the sale, the senior vice president now directly owns 83,736 shares of the company’s stock, valued at $13,829,837.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Tarang Amin sold 23,519 shares of the business’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 transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Joshua Allen Franks sold 727 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the sale, the senior vice president now directly owns 83,736 shares of the company’s stock, valued at $13,829,837.76. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

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

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of e.l.f. Beauty by 235.8% during the third quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock worth $265,196,000 after acquiring an additional 1,695,585 shares in the last quarter. FMR LLC increased its position in shares of e.l.f. Beauty by 641.2% during the third quarter. FMR LLC now owns 832,404 shares of the company’s stock worth $91,423,000 after acquiring an additional 720,098 shares in the last quarter. Norges Bank bought a new stake in shares of e.l.f. Beauty during the fourth quarter worth $95,611,000. Millennium Management LLC increased its position in shares of e.l.f. Beauty by 697.8% during the fourth quarter. Millennium Management LLC now owns 681,739 shares of the company’s stock worth $37,700,000 after acquiring an additional 596,287 shares in the last quarter. Finally, William Blair Investment Management LLC increased its position in shares of 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.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $167.57 on Friday. The company has a 50-day moving average of $186.62 and a 200-day moving average of $148.57. The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of 74.15, a PEG ratio of 1.54 and a beta of 1.57. e.l.f. Beauty has a 52 week low of $83.80 and a 52 week high of $221.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. The company had revenue of $270.94 million during the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. As a group, equities research analysts anticipate that e.l.f. Beauty will post 2.5 earnings per share 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.