e.l.f. Beauty (NYSE:ELF) Earns “Buy” Rating from DA Davidson

e.l.f. Beauty (NYSE:ELF)‘s stock had its “buy” rating reiterated by equities researchers at DA Davidson in a research note issued on Thursday, Benzinga reports. They presently have a $220.00 price target on the stock. DA Davidson’s price target would suggest a potential upside of 17.94% from the stock’s previous close.

A number of other brokerages have also weighed in on ELF. Robert W. Baird assumed coverage on e.l.f. Beauty in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 price objective on the stock. Stifel Nicolaus lowered their price objective on e.l.f. Beauty from $167.00 to $151.00 and set a “hold” rating for the company in a research report on Monday. Canaccord Genuity Group reiterated a “buy” rating and issued a $214.00 price objective on shares of e.l.f. Beauty in a report on Tuesday. StockNews.com downgraded e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Finally, Piper Sandler reduced their price objective on e.l.f. Beauty from $216.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $183.77.

e.l.f. Beauty Trading Up 19.9 %

Shares of e.l.f. Beauty stock traded up $30.91 during trading on Thursday, reaching $186.54. The company’s stock had a trading volume of 5,493,275 shares, compared to its average volume of 1,581,262. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 82.54, a PEG ratio of 1.49 and a beta of 1.60. e.l.f. Beauty has a 52-week low of $83.80 and a 52-week high of $221.83. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average is $173.88 and its two-hundred day moving average is $159.36.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the sale, the chief executive officer now directly owns 10,889 shares in the company, valued at approximately $2,165,713.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the sale, the chief executive officer now directly owns 10,889 shares in the company, valued at $2,165,713.21. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the sale, the senior vice president now 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 201,600 shares of company stock valued at $34,307,124 in the last quarter. 5.20% of the stock is owned by insiders.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. increased its holdings in shares of e.l.f. Beauty by 390.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock valued at $29,000 after purchasing an additional 160 shares during the period. Harbor Investment Advisory LLC acquired a new position in shares of e.l.f. Beauty in the first quarter valued at about $31,000. Oakworth Capital Inc. acquired a new position in shares of e.l.f. Beauty in the first quarter valued at about $33,000. GPS Wealth Strategies Group LLC increased its holdings in shares of e.l.f. Beauty by 66.4% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after purchasing an additional 97 shares during the period. Finally, Rise Advisors LLC acquired a new position in shares of e.l.f. Beauty in the first quarter valued at about $40,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

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.