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

DA Davidson reaffirmed their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a report issued on Tuesday, Benzinga reports. DA Davidson currently has a $223.00 price target on the stock.

Several other equities analysts have also weighed in on the stock. Truist Financial cut their target price on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Stifel Nicolaus decreased their price objective on e.l.f. Beauty from $161.00 to $131.00 and set a “hold” rating on the stock in a report on Thursday, October 24th. Bank of America cut their price target on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. UBS Group reduced their price target 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. Finally, Robert W. Baird lowered their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average target price of $183.80.

e.l.f. Beauty Stock Performance

ELF stock opened at $105.30 on Tuesday. e.l.f. Beauty has a twelve month low of $88.47 and a twelve month high of $221.83. The business’s fifty day simple moving average is $118.00 and its two-hundred day simple moving average is $158.16. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 50.14, a PEG ratio of 2.27 and a beta of 1.43. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. Analysts predict that e.l.f. Beauty will post 2.88 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at $14,465,883.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.50% of the company’s stock.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in e.l.f. Beauty in the second quarter valued at about $26,000. Matrix Trust Co acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth about $27,000. Innealta Capital LLC acquired a new stake in e.l.f. Beauty in the second quarter worth $30,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after purchasing an additional 138 shares in the last quarter. Finally, Crewe Advisors LLC boosted its position in e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.