e.l.f. Beauty, Inc. (NYSE:ELF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $183.33.

A number of equities research analysts have weighed in on ELF shares. StockNews.com downgraded e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Truist Financial lifted their target price on e.l.f. Beauty from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Raymond James raised their price target on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. TD Cowen raised shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and dropped their price objective for the company from $220.00 to $190.00 in a research note on Wednesday, April 17th. Finally, Stifel Nicolaus boosted their target price on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th.

Insider Buying and Selling

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 727 shares of e.l.f. Beauty 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 transaction, the senior vice president now directly owns 83,736 shares of the company’s stock, valued at approximately $13,829,837.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other e.l.f. Beauty news, insider Mandy J. Fields sold 1,250 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $174.90, for a total transaction of $218,625.00. Following the sale, the insider now owns 77,146 shares of the company’s stock, valued at $13,492,835.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joshua Allen Franks sold 727 shares of e.l.f. Beauty stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the transaction, the senior vice president now directly owns 83,736 shares of the company’s stock, valued at $13,829,837.76. The disclosure for this sale can be found here. Insiders have sold a total of 201,600 shares of company stock valued at $34,307,124 over the last 90 days. 5.20% of the stock is owned by insiders.

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

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in shares of e.l.f. Beauty by 235.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock worth $265,196,000 after buying an additional 1,695,585 shares during the period. FMR LLC grew its holdings in e.l.f. Beauty by 641.2% in the third quarter. FMR LLC now owns 832,404 shares of the company’s stock worth $91,423,000 after purchasing an additional 720,098 shares during the period. Clearbridge Investments LLC bought a new stake in e.l.f. Beauty in the first quarter valued at $133,940,000. Norges Bank bought a new position in shares of e.l.f. Beauty during the 4th quarter worth about $95,611,000. Finally, William Blair Investment Management LLC grew its stake in shares of e.l.f. Beauty by 58.2% in the 3rd quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock valued at $156,427,000 after buying an additional 523,903 shares during the period. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $158.45 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The company has a market cap of $8.80 billion, a PE ratio of 70.11, a price-to-earnings-growth ratio of 1.52 and a beta of 1.60. The company has a 50 day moving average of $176.63 and a 200-day moving average of $158.10. e.l.f. Beauty has a 1-year low of $83.80 and a 1-year high of $221.83.

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.