e.l.f. Beauty (NYSE:ELF) Rating Reiterated by DA Davidson

DA Davidson reissued their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a $223.00 price target on the stock.

ELF has been the topic of several other reports. UBS Group dropped their price objective on shares of e.l.f. Beauty from $250.00 to $230.00 and set a buy rating on the stock in a research report on Friday, August 9th. Stifel Nicolaus raised their price objective on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the stock a hold rating in a research report on Monday, July 22nd. Robert W. Baird boosted their price objective on e.l.f. Beauty from $230.00 to $240.00 and gave the stock an outperform rating in a report on Friday, August 9th. Baird R W upgraded e.l.f. Beauty from a hold rating to a strong-buy rating in a research note on Thursday, July 18th. Finally, B. Riley began coverage on e.l.f. Beauty in a research note on Tuesday, September 10th. They issued a buy rating and a $175.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $196.93.

e.l.f. Beauty Trading Down 4.8 %

e.l.f. Beauty stock opened at $109.94 on Tuesday. The stock has a 50-day simple moving average of $130.84 and a 200 day simple moving average of $163.17. The stock has a market capitalization of $6.15 billion, a P/E ratio of 49.52, a PEG ratio of 2.19 and a beta of 1.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. e.l.f. Beauty has a 52 week low of $88.47 and a 52 week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The company had revenue of $324.48 million during the quarter, compared to the consensus estimate of $303.60 million. Analysts expect that e.l.f. Beauty will post 2.88 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the transaction, the chief executive officer now directly owns 214,507 shares in the company, valued at approximately $37,538,725. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of e.l.f. Beauty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock valued at $873,351,000 after acquiring an additional 79,701 shares in the last quarter. Baillie Gifford & Co. acquired a new stake in shares of e.l.f. Beauty during the second quarter valued at about $801,693,000. Wellington Management Group LLP grew its holdings in shares of e.l.f. Beauty by 5.2% during the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after purchasing an additional 126,231 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of e.l.f. Beauty by 12.5% in the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock valued at $318,647,000 after buying an additional 168,267 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in e.l.f. Beauty by 84.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after buying an additional 576,383 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

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.