e.l.f. Beauty (NYSE:ELF) Earns “Neutral” Rating from DA Davidson

DA Davidson reiterated their neutral rating on shares of e.l.f. Beauty (NYSE:ELF) in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a $80.00 price target on the stock.

A number of other equities research analysts have also recently weighed in on ELF. Truist Financial lifted their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. B. Riley reissued a “buy” rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. The Goldman Sachs Group lowered their target price on e.l.f. Beauty from $165.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Robert W. Baird lowered their target price on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Finally, Morgan Stanley reissued an “equal weight” rating and set a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average target price of $134.00.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $71.01 on Tuesday. e.l.f. Beauty has a 52 week low of $63.50 and a 52 week high of $221.83. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $4.00 billion, a P/E ratio of 42.02, a P/E/G ratio of 6.87 and a beta of 1.47. The stock’s fifty day moving average is $112.70 and its two-hundred day moving average is $122.09.

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

Insider Activity

In other news, insider Scott Milsten sold 530 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares of the company’s stock, valued at $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,205 shares of company stock valued at $297,442. Insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Several institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Wilmington Savings Fund Society FSB purchased a new stake in e.l.f. Beauty during the 3rd quarter valued at approximately $25,000. Nemes Rush Group LLC purchased a new stake in e.l.f. Beauty during the 4th quarter valued at approximately $27,000. Orion Capital Management LLC purchased a new stake in e.l.f. Beauty during the 4th quarter valued at approximately $30,000. Promus Capital LLC purchased a new stake in e.l.f. Beauty during the 4th quarter valued at approximately $31,000. Finally, Kestra Investment Management LLC purchased a new stake in e.l.f. Beauty during the 4th quarter valued at approximately $32,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

About e.l.f. Beauty

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.