e.l.f. Beauty (NYSE:ELF) Receives $133.40 Consensus Target Price from Analysts

Shares of e.l.f. Beauty (NYSE:ELF) have been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $134.60.

Several research analysts recently commented on the stock. Morgan Stanley raised shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $114.00 to $134.00 in a report on Monday, August 11th. Truist Financial raised their price target on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, June 6th. Robert W. Baird raised their price target on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, June 6th. B. Riley raised their price target on shares of e.l.f. Beauty from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and raised their price target for the company from $121.00 to $128.00 in a report on Tuesday, September 2nd.

Insider Activity

In other news, insider Kory Marchisotto sold 10,812 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $150.00, for a total transaction of $1,621,800.00. Following the sale, the insider owned 133,976 shares in the company, valued at approximately $20,096,400. This trade represents a 7.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jennifer Catherine Hartnett sold 1,304 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $136.32, for a total transaction of $177,761.28. Following the sale, the insider owned 52,599 shares in the company, valued at approximately $7,170,295.68. This trade represents a 2.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 184,745 shares of company stock worth $25,613,238. Corporate insiders own 3.90% of the company’s stock.

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

A number of large investors have recently added to or reduced their stakes in ELF. Marshall Wace LLP purchased a new position in e.l.f. Beauty in the 2nd quarter worth $118,058,000. Atreides Management LP purchased a new position in e.l.f. Beauty in the 2nd quarter worth $61,479,000. Champlain Investment Partners LLC raised its position in e.l.f. Beauty by 19.7% in the 1st quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock worth $167,337,000 after purchasing an additional 438,575 shares during the period. Man Group plc purchased a new position in e.l.f. Beauty in the 2nd quarter worth $52,316,000. Finally, Prime Capital Management Co Ltd increased its position in shares of e.l.f. Beauty by 167.8% in the first quarter. Prime Capital Management Co Ltd now owns 604,535 shares of the company’s stock valued at $37,959,000 after acquiring an additional 378,826 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Trading Up 0.5%

Shares of ELF stock opened at $135.89 on Friday. The company has a 50 day moving average of $126.18 and a 200-day moving average of $101.55. The firm has a market cap of $8.06 billion, a P/E ratio of 79.94, a PEG ratio of 3.13 and a beta of 1.57. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $150.99. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The company had revenue of $353.74 million during the quarter, compared to the consensus estimate of $348.99 million. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. e.l.f. Beauty’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. Sell-side analysts anticipate that e.l.f. Beauty will post 2.38 earnings per share for the current year.

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.