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

e.l.f. Beauty, Inc. (NYSE:ELF) has earned an average recommendation of “Buy” from the eighteen research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $169.06.

Several research firms have commented on ELF. Morgan Stanley raised e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $139.00 to $153.00 in a report on Monday, January 13th. UBS Group lifted their price target on shares of e.l.f. Beauty from $156.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They issued a “hold” rating and a $133.00 price objective for the company. Bank of America decreased their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Finally, Canaccord Genuity Group dropped their price target on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the firm’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 owns 1,888 shares in the company, valued at approximately $245,440. This trade represents a 29.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $122,464.00. Following the completion of the transaction, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,205 shares of company stock worth $297,442. Insiders own 3.50% of the company’s stock.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in e.l.f. Beauty by 61.6% in the second quarter. Envestnet Asset Management Inc. now owns 149,702 shares of the company’s stock worth $31,545,000 after purchasing an additional 57,039 shares during the period. Moors & Cabot Inc. bought a new position in shares of e.l.f. Beauty in the 2nd quarter valued at about $240,000. Edgestream Partners L.P. acquired a new stake in shares of e.l.f. Beauty during the 2nd quarter worth approximately $214,000. Blair William & Co. IL raised its stake in shares of e.l.f. Beauty by 1.7% during the second quarter. Blair William & Co. IL now owns 20,518 shares of the company’s stock worth $4,324,000 after buying an additional 334 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in e.l.f. Beauty by 263.2% in the second quarter. Hsbc Holdings PLC now owns 7,405 shares of the company’s stock valued at $1,559,000 after buying an additional 5,366 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Down 6.6 %

ELF opened at $110.63 on Friday. The business has a 50 day moving average of $128.46 and a 200-day moving average of $134.49. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 59.80, a P/E/G ratio of 2.03 and a beta of 1.50. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. e.l.f. Beauty has a 1-year low of $98.50 and a 1-year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The business’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period last year, the business posted $0.66 EPS. As a group, sell-side analysts anticipate that e.l.f. Beauty will post 2.8 earnings per share for the current year.

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.