e.l.f. Beauty (NYSE:ELF) Receives $142.73 Average PT from Analysts

Shares of e.l.f. Beauty (NYSE:ELF) have received an average recommendation of “Moderate Buy” from the seventeen brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $142.7333.

A number of analysts have recently weighed in on the stock. Cowen restated a “buy” rating on shares of e.l.f. Beauty in a research note on Wednesday. Piper Sandler restated an “overweight” rating on shares of e.l.f. Beauty in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $121.00 to $128.00 in a research note on Tuesday, September 2nd. Raymond James Financial boosted their price objective on shares of e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a research note on Monday. Finally, UBS Group boosted their price objective on shares of e.l.f. Beauty from $112.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th.

e.l.f. Beauty Price Performance

NYSE ELF opened at $124.65 on Tuesday. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $7.39 billion, a PE ratio of 73.32, a price-to-earnings-growth ratio of 2.88 and a beta of 1.57. The company has a 50 day moving average price of $131.70 and a two-hundred day moving average price of $108.94. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The firm had revenue of $353.74 million during the quarter, compared to analysts’ expectations of $348.99 million. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 earnings per share. As a group, equities 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, CEO Tarang Amin sold 116,315 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $132.24, for a total transaction of $15,381,495.60. Following the transaction, the chief executive officer owned 81,818 shares of the company’s stock, valued at approximately $10,819,612.32. The trade was a 58.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Scott Milsten sold 55,581 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $134.56, for a total transaction of $7,478,979.36. Following the transaction, the insider directly owned 112,406 shares in the company, valued at $15,125,351.36. This trade represents a 33.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 301,060 shares of company stock valued at $40,994,733 in the last three months. 3.90% of the stock is owned by insiders.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Aurora Investment Counsel bought a new stake in e.l.f. Beauty in the 1st quarter valued at $294,000. Caas Capital Management LP increased its holdings in e.l.f. Beauty by 1,466.7% in the 1st quarter. Caas Capital Management LP now owns 4,700 shares of the company’s stock valued at $295,000 after buying an additional 4,400 shares during the period. Vontobel Holding Ltd. increased its holdings in e.l.f. Beauty by 165.6% in the 1st quarter. Vontobel Holding Ltd. now owns 15,181 shares of the company’s stock valued at $953,000 after buying an additional 9,466 shares during the period. Generate Investment Management Ltd bought a new stake in e.l.f. Beauty in the 1st quarter valued at $21,650,000. Finally, Quantitative Investment Management LLC bought a new stake in e.l.f. Beauty in the 1st quarter valued at $3,916,000. Institutional investors own 92.44% of the company’s stock.

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.