e.l.f. Beauty’s (ELF) “Buy” Rating Reaffirmed at DA Davidson

e.l.f. Beauty (NYSE:ELF)‘s stock had its “buy” rating reissued by DA Davidson in a report released on Thursday,Benzinga reports. They presently have a $170.00 price target on the stock. DA Davidson’s target price indicates a potential upside of 35.86% from the stock’s current price.

Several other equities analysts have also commented on the company. Bank of America lowered their target price on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Jefferies Financial Group decreased their target price on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. B. Riley cut their price objective on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Robert W. Baird decreased their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Finally, Stifel Nicolaus reduced their price target on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $171.82.

e.l.f. Beauty Price Performance

ELF stock traded down $2.07 during midday trading on Thursday, hitting $125.13. 253,470 shares of the stock were exchanged, compared to its average volume of 1,947,528. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 67.64, a PEG ratio of 3.03 and a beta of 1.49. e.l.f. Beauty has a fifty-two week low of $98.50 and a fifty-two week high of $221.83. The stock’s 50-day moving average price is $120.80 and its 200-day moving average price is $147.87. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same period in the previous year, the firm earned $0.66 earnings per share. e.l.f. Beauty’s revenue was up 39.7% compared to the same quarter last year. Research analysts predict that e.l.f. Beauty will post 2.8 earnings per share for the current year.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 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 $122,464.00. Following the completion of the sale, the chief executive officer now owns 99,699 shares of the company’s stock, valued at $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Milsten sold 530 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock worth $297,442 in the last quarter. 3.50% of the stock is currently owned by corporate insiders.

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

Large investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in e.l.f. Beauty in the 2nd quarter valued at $232,000. Baillie Gifford & Co. bought a new stake in e.l.f. Beauty during the second quarter valued at about $801,693,000. Silvant Capital Management LLC acquired a new stake in shares of e.l.f. Beauty in the second quarter valued at about $1,003,000. Highland Capital Management LLC increased its stake in shares of e.l.f. Beauty by 18.2% in the second quarter. Highland Capital Management LLC now owns 1,493 shares of the company’s stock worth $315,000 after purchasing an additional 230 shares during the period. Finally, WD Rutherford LLC lifted its position in shares of e.l.f. Beauty by 17.5% during the 2nd quarter. WD Rutherford LLC now owns 15,916 shares of the company’s stock worth $3,354,000 after purchasing an additional 2,374 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

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.