e.l.f. Beauty, Inc. (NYSE:ELF) Receives Consensus Recommendation of "Buy" from Analysts

Shares of e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) have been given a consensus recommendation of "Buy" by the eighteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $169.06.

A number of research firms have weighed in on ELF. Robert W. Baird lowered their target price on e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating on the stock in a report on Monday, October 21st. Piper Sandler increased their price objective on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Truist Financial boosted their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They issued a "hold" rating and a $133.00 price target on the stock. Finally, UBS Group boosted their price objective on shares of e.l.f. Beauty from $156.00 to $158.00 and gave the company a "buy" rating in a research report on Thursday.

e.l.f. Beauty Stock Down 5.0 %

Shares of NYSE ELF traded down $6.74 during midday trading on Friday, hitting $127.17. The stock had a trading volume of 1,966,609 shares, compared to its average volume of 976,643. The business's 50 day moving average is $129.27 and its 200-day moving average is $136.94. e.l.f. Beauty has a 52 week low of $98.50 and a 52 week high of $221.83. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The company has a market cap of $7.16 billion, a P/E ratio of 68.74, a PEG ratio of 2.17 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted 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 return on equity of 19.34% and a net margin of 8.87%. 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 previous year, the business earned $0.66 earnings per share. The company's revenue was up 39.7% on a year-over-year basis. As a group, analysts predict that e.l.f. Beauty will post 2.8 EPS for the current year.

Insider Buying and Selling

In related news, Director Maureen C. Watson sold 785 shares of the 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 of the company's stock, valued at $245,440. This represents a 29.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tarang Amin sold 890 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the sale, the chief executive officer now directly owns 99,699 shares of the company's stock, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,205 shares of company stock worth $297,442. Corporate insiders own 3.50% of the company's stock.

Institutional Trading of e.l.f. Beauty

Large investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty during the 3rd quarter worth about $25,000. Planning Capital Management Corp lifted its position in shares of e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company's stock worth $43,000 after purchasing an additional 371 shares during the period. nVerses Capital LLC bought a new position in shares of e.l.f. Beauty during the third quarter valued at approximately $44,000. Peterson Financial Group Inc. bought a new position in shares of e.l.f. Beauty during the third quarter valued at approximately $45,000. Finally, Blue Trust Inc. raised its stake in e.l.f. Beauty by 2,357.1% in the third quarter. Blue Trust Inc. now owns 516 shares of the company's stock worth $56,000 after buying an additional 495 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.