Investment Analysts’ Weekly Ratings Updates for e.l.f. Beauty (ELF)

Several brokerages have updated their recommendations and price targets on shares of e.l.f. Beauty (NYSE: ELF) in the last few weeks:

• 4/17/2024 – e.l.f. Beauty was upgraded by analysts at TD Cowen from a “hold” rating to a “buy” rating. They now have a $190.00 price target on the stock, down previously from $220.00.
• 4/9/2024 – e.l.f. Beauty had its price target raised by analysts at Piper Sandler from $225.00 to $228.00. They now have an “overweight” rating on the stock.
• 4/8/2024 – e.l.f. Beauty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $220.00 price target on the stock.
• 4/3/2024 – e.l.f. Beauty had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $225.00 price target on the stock.
• 3/21/2024 – e.l.f. Beauty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $220.00 price target on the stock.
• 3/13/2024 – e.l.f. Beauty had its price target raised by analysts at TD Cowen from $185.00 to $220.00. They now have a “market perform” rating on the stock.
• 3/6/2024 – e.l.f. Beauty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $220.00 price target on the stock.
• 3/6/2024 – e.l.f. Beauty had its price target raised by analysts at Bank of America Co. from $200.00 to $230.00. They now have a “buy” rating on the stock.
• 2/27/2024 – e.l.f. Beauty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $220.00 price target on the stock.
• 2/26/2024 – e.l.f. Beauty had its price target raised by analysts at Piper Sandler from $212.00 to $225.00. They now have an “overweight” rating on the stock.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $166.26 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 73.57, a price-to-earnings-growth ratio of 1.52 and a beta of 1.57. The firm has a 50-day moving average of $186.70 and a two-hundred day moving average of $148.43. e.l.f. Beauty, Inc. has a 1 year low of $83.80 and a 1 year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.11. The business had revenue of $270.94 million for the quarter, compared to analysts’ expectations of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. On average, research analysts forecast that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 727 shares of the business’s stock in a transaction dated 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 owns 83,736 shares in the company, valued at approximately $13,829,837.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Joshua Allen Franks sold 727 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the sale, the chief executive officer now directly owns 10,889 shares in the company, valued at approximately $2,165,713.21. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ELF. Dark Forest Capital Management LP acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth approximately $27,000. Point72 Middle East FZE purchased a new stake in e.l.f. Beauty in the 4th quarter valued at $28,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in e.l.f. Beauty in the 3rd quarter valued at $29,000. Armstrong Advisory Group Inc. increased its stake in shares of e.l.f. Beauty by 390.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after acquiring an additional 160 shares during the last quarter. Finally, Harbor Investment Advisory LLC purchased a new position in shares of e.l.f. Beauty during the 1st quarter worth $31,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.