e.l.f. Beauty, Inc. (NYSE:ELF) Given Average Rating of “Buy” by Analysts

e.l.f. Beauty, Inc. (NYSE:ELF) has been assigned a consensus recommendation of “Buy” from the fifteen brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $210.00.

A number of brokerages have issued reports on ELF. Canaccord Genuity Group upped their target price on e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. DA Davidson reaffirmed a “buy” rating and set a $220.00 target price on shares of e.l.f. Beauty in a research report on Monday, June 3rd. Truist Financial upped their target price on e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. JPMorgan Chase & Co. increased their price objective on e.l.f. Beauty from $182.00 to $224.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Finally, Stifel Nicolaus increased their price objective on e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $163.70, for a total transaction of $3,850,060.30. Following the transaction, the chief executive officer now owns 10,890 shares in the company, valued at $1,782,693. The sale was disclosed in a document filed with the SEC, which is available through this link. In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $163.70, for a total transaction of $3,850,060.30. Following the transaction, the chief executive officer now owns 10,890 shares in the company, valued at $1,782,693. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the transaction, the senior vice president now owns 71,986 shares in the company, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,361 shares of company stock worth $22,019,033. Insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On e.l.f. Beauty

Several institutional investors have recently modified their holdings of ELF. Baillie Gifford & Co. bought a new position in shares of e.l.f. Beauty during the 2nd quarter valued at about $801,693,000. Clearbridge Investments LLC bought a new stake in shares of e.l.f. Beauty during the 1st quarter worth approximately $133,940,000. Norges Bank bought a new stake in shares of e.l.f. Beauty during the 4th quarter worth approximately $95,611,000. 1832 Asset Management L.P. bought a new stake in shares of e.l.f. Beauty during the 1st quarter worth approximately $61,299,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of e.l.f. Beauty by 81.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 468,670 shares of the company’s stock worth $98,758,000 after purchasing an additional 210,873 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $165.95 on Friday. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 74.75, a price-to-earnings-growth ratio of 3.66 and a beta of 1.46. The company’s fifty day moving average is $191.69 and its 200-day moving average is $181.71. e.l.f. Beauty has a 12 month low of $88.47 and a 12 month high of $221.83. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.25.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.16. The firm had revenue of $321.14 million during the quarter, compared to analyst estimates of $292.47 million. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. Equities analysts expect that e.l.f. Beauty will post 2.84 EPS for the current fiscal year.

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.