e.l.f. Beauty (NYSE:ELF) Receives Buy Rating from B. Riley

e.l.f. Beauty (NYSE:ELF)‘s stock had its “buy” rating reaffirmed by equities research analysts at B. Riley in a report issued on Friday,Benzinga reports. They currently have a $90.00 target price on the stock, down from their prior target price of $150.00. B. Riley’s target price indicates a potential upside of 28.03% from the stock’s current price.

A number of other analysts have also weighed in on ELF. Truist Financial increased their target price on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird reduced their target price on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Jefferies Financial Group reduced their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. DA Davidson lowered e.l.f. Beauty from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $170.00 to $80.00 in a research note on Friday. Finally, UBS Group reiterated a “neutral” rating and issued a $74.00 target price (down previously from $158.00) on shares of e.l.f. Beauty in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.94.

e.l.f. Beauty Price Performance

Shares of ELF traded down $18.20 during mid-day trading on Friday, hitting $70.29. 17,469,758 shares of the stock were exchanged, compared to its average volume of 2,843,022. The company has a market cap of $3.96 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. e.l.f. Beauty has a 52-week low of $63.50 and a 52-week high of $221.83. The firm has a 50-day moving average of $123.67 and a two-hundred day moving average of $128.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. On average, equities analysts predict that e.l.f. Beauty will post 2.8 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the sale, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock worth $297,442 over the last three months. 3.50% of the stock is currently owned by insiders.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its stake in e.l.f. Beauty by 3.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock worth $361,000 after buying an additional 91 shares during the last quarter. Truist Financial Corp boosted its stake in e.l.f. Beauty by 1.3% during the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock worth $990,000 after buying an additional 102 shares during the last quarter. Arizona State Retirement System boosted its stake in e.l.f. Beauty by 0.8% during the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock worth $2,055,000 after buying an additional 128 shares during the last quarter. Cetera Trust Company N.A raised its position in e.l.f. Beauty by 14.4% in the third quarter. Cetera Trust Company N.A now owns 1,030 shares of the company’s stock valued at $112,000 after purchasing an additional 130 shares during the period. Finally, Atria Wealth Solutions Inc. raised its position in e.l.f. Beauty by 7.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock valued at $262,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

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.