e.l.f. Beauty, Inc. (NYSE:ELF) Receives $171.82 Average Price Target from Brokerages

Shares of e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) have received an average recommendation of "Moderate Buy" from the eighteen analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $171.82.

A number of research firms have issued reports on ELF. Morgan Stanley cut their price target on e.l.f. Beauty from $184.00 to $139.00 and set an "equal weight" rating for the company in a research note on Monday, September 30th. Robert W. Baird cut their target price 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. B. Riley reduced their target price on shares of e.l.f. Beauty from $175.00 to $150.00 and set a "buy" rating for the company in a report on Thursday, November 7th. TD Cowen dropped their price target on shares of e.l.f. Beauty from $235.00 to $150.00 and set a "buy" rating on the stock in a research note on Thursday, September 12th. Finally, Stifel Nicolaus reduced their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a "hold" rating for the company in a research note on Thursday, November 7th.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction on Friday, December 6th. The shares were 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 in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Scott Milsten sold 530 shares of the 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 directly owns 68,853 shares of the company's stock, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,205 shares of company stock valued at $297,442. Corporate insiders own 3.50% of the company's stock.

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

Institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board bought a new position in shares of e.l.f. Beauty during the 2nd quarter valued at approximately $6,659,000. Sumitomo Mitsui Trust Group Inc. raised its stake in e.l.f. Beauty by 1,380.4% during the third 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. Cetera Investment Advisers lifted its position in e.l.f. Beauty by 33.8% during the second quarter. Cetera Investment Advisers now owns 39,319 shares of the company's stock valued at $8,285,000 after purchasing an additional 9,939 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of e.l.f. Beauty by 84.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company's stock worth $265,432,000 after buying an additional 576,383 shares in the last quarter. Finally, Congress Asset Management Co. grew its stake in shares of e.l.f. Beauty by 14.2% in the 3rd quarter. Congress Asset Management Co. now owns 503,577 shares of the company's stock worth $54,905,000 after buying an additional 62,480 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Stock Performance

Shares of ELF traded up $2.96 during mid-day trading on Wednesday, hitting $131.91. 495,239 shares of the company traded hands, compared to its average volume of 1,941,629. e.l.f. Beauty has a 1 year low of $98.50 and a 1 year high of $221.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The stock has a 50-day moving average price of $122.32 and a two-hundred day moving average price of $146.00. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 71.30, a P/E/G ratio of 3.03 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm had revenue of $301.10 million for the quarter, compared to analysts' expectations of $289.43 million. During the same period in the prior year, the firm earned $0.66 EPS. The company's revenue was up 39.7% compared to the same quarter last year. Equities analysts anticipate that e.l.f. Beauty will post 2.8 earnings per share for the current year.

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.