e.l.f. Beauty (NYSE:ELF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of e.l.f. Beauty (NYSE:ELF) have received a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $102.8750.

ELF has been the subject of a number of research analyst reports. Robert W. Baird dropped their target price on shares of e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating for the company in a research note on Tuesday, April 28th. Weiss Ratings lowered shares of e.l.f. Beauty from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Bank of America dropped their price objective on shares of e.l.f. Beauty from $115.00 to $93.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Wall Street Zen raised e.l.f. Beauty from a “sell” rating to a “hold” rating in a report on Saturday, January 24th. Finally, TD Cowen decreased their price objective on e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, February 9th.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 20,829 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $63.66, for a total transaction of $1,325,974.14. Following the completion of the sale, the insider directly owned 68,726 shares of the company’s stock, valued at approximately $4,375,097.16. The trade was a 23.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mandy J. Fields sold 23,656 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $63.66, for a total transaction of $1,505,940.96. Following the completion of the transaction, the insider directly owned 77,437 shares in the company, valued at $4,929,639.42. This trade represents a 23.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 210,013 shares of company stock valued at $13,315,490. 3.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in e.l.f. Beauty by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock valued at $417,255,000 after purchasing an additional 140,258 shares during the period. SG Americas Securities LLC raised its holdings in e.l.f. Beauty by 1,967.8% in the fourth quarter. SG Americas Securities LLC now owns 155,253 shares of the company’s stock worth $11,805,000 after purchasing an additional 147,745 shares during the period. Jacobson & Schmitt Advisors LLC raised its holdings in e.l.f. Beauty by 34.5% in the fourth quarter. Jacobson & Schmitt Advisors LLC now owns 188,924 shares of the company’s stock worth $14,366,000 after purchasing an additional 48,504 shares during the period. Summit Creek Advisors LLC boosted its position in shares of e.l.f. Beauty by 14.6% during the third quarter. Summit Creek Advisors LLC now owns 101,453 shares of the company’s stock worth $13,440,000 after purchasing an additional 12,936 shares in the last quarter. Finally, Tran Capital Management L.P. boosted its position in shares of e.l.f. Beauty by 29.2% during the fourth quarter. Tran Capital Management L.P. now owns 72,515 shares of the company’s stock worth $5,514,000 after purchasing an additional 16,383 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Trading Up 1.7%

NYSE:ELF opened at $56.44 on Friday. The stock’s 50-day moving average is $66.31 and its two-hundred day moving average is $78.36. The stock has a market cap of $3.33 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 3.04 and a beta of 1.71. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.76 and a quick ratio of 1.89. e.l.f. Beauty has a fifty-two week low of $52.78 and a fifty-two week high of $150.99.

About e.l.f. Beauty

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.