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 stock analysts at DA Davidson in a research note issued on Tuesday,Benzinga reports. They currently have a $170.00 price objective on the stock. DA Davidson’s price target suggests a potential upside of 41.88% from the stock’s current price.

ELF has been the topic of a number of other research reports. Jefferies Financial Group lowered their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Stifel Nicolaus dropped their price target on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They set a “hold” rating and a $133.00 price objective for the company. Canaccord Genuity Group dropped their target price on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Truist Financial upped their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $169.06.

e.l.f. Beauty Stock Performance

Shares of ELF stock traded down $7.13 during mid-day trading on Tuesday, reaching $119.82. The stock had a trading volume of 2,543,229 shares, compared to its average volume of 1,508,556. e.l.f. Beauty has a 1-year low of $98.50 and a 1-year high of $221.83. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 64.82, a PEG ratio of 2.21 and a beta of 1.50. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average is $129.13 and its 200-day moving average is $135.95.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The business had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. During the same period in the prior year, the firm earned $0.66 EPS. The business’s revenue for the quarter was up 39.7% on a year-over-year basis. On average, research analysts forecast that e.l.f. Beauty will post 2.79 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at $245,440. The trade was a 29.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,205 shares of company stock worth $297,442. Company insiders own 3.50% of the company’s stock.

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

Institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. increased its stake in e.l.f. Beauty by 39.5% in the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after purchasing an additional 1,501,151 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in shares of e.l.f. Beauty during the 3rd quarter valued at about $121,558,000. Swedbank AB purchased a new position in shares of e.l.f. Beauty during the 3rd quarter worth about $76,321,000. Clearbridge Investments LLC boosted its position in shares of e.l.f. Beauty by 84.4% in the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after acquiring an additional 576,383 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in e.l.f. Beauty by 223.2% in the third quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock valued at $60,543,000 after purchasing an additional 383,478 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.