e.l.f. Beauty (NYSE:ELF – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at DA Davidson in a research report issued on Wednesday,Benzinga reports. They currently have a $170.00 target price on the stock. DA Davidson’s price objective points to a potential upside of 92.25% from the company’s previous close.
A number of other brokerages also recently issued reports on ELF. B. Riley reduced their price target on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. 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 report on Monday, October 21st. Canaccord Genuity Group lowered their price target on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Jefferies Financial Group decreased their price objective on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $168.47.
Check Out Our Latest Analysis on e.l.f. Beauty
e.l.f. Beauty Stock Down 5.4 %
e.l.f. Beauty (NYSE:ELF – Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping 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 firm had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. During the same quarter in the prior year, the company earned $0.66 EPS. The company’s revenue was up 39.7% compared to the same quarter last year. Sell-side analysts predict that e.l.f. Beauty will post 2.8 EPS for the current year.
Insiders Place Their Bets
In other news, insider Scott Milsten sold 530 shares of the company’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 $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares in the company, valued at $9,474,172.80. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction on Friday, November 29th. The shares were 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 owns 1,888 shares of the company’s stock, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, 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
A number of hedge funds have recently made changes to their positions in the stock. Robbins Farley increased its position in shares of e.l.f. Beauty by 27.1% during the fourth quarter. Robbins Farley now owns 34,396 shares of the company’s stock worth $4,318,000 after acquiring an additional 7,335 shares during the period. Pacer Advisors Inc. increased its holdings in e.l.f. Beauty by 43.4% during the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock worth $1,482,000 after purchasing an additional 3,572 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in e.l.f. Beauty by 1,380.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock valued at $1,775,000 after purchasing an additional 15,184 shares in the last quarter. Ibex Wealth Advisors purchased a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $5,519,000. Finally, Capricorn Fund Managers Ltd acquired a new position in shares of e.l.f. Beauty during the fourth quarter worth about $7,118,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.
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.
See Also
- Five stocks we like better than e.l.f. Beauty
- How Technical Indicators Can Help You Find Oversold StocksĀ
- Market Volatility Creates Opportunity in These 3 Value Stocks
- What Are Dividend Contenders? Investing in Dividend Contenders
- Visa and Mastercard Remain Strong Plays as Consumers Keep Swiping
- What is Short Interest? How to Use It
- 2 High-Yield Consumer Staples Stocks Ready to Deliver Big Returns
Receive News & Ratings for e.l.f. Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for e.l.f. Beauty and related companies with MarketBeat.com's FREE daily email newsletter.