e.l.f. Beauty, Inc. (NYSE:ELF) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eighteen research firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $134.00.

Several analysts have issued reports on ELF shares. Canaccord Genuity Group cut their price target on e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating for the company in a report on Friday, February 7th. Raymond James dropped their price objective on e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating for the company in a research note on Friday, February 7th. Truist Financial upped their price objective 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. Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They issued a "hold" rating and a $133.00 price objective for the company. Finally, B. Riley reaffirmed a "buy" rating and issued a $90.00 price objective (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty 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 transaction of $72,928.00. Following 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Tarang Amin sold 890 shares of the 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 completion of the sale, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock worth $297,442 over the last ninety days. Company insiders own 3.50% of the company's stock.

Institutional Investors Weigh In On e.l.f. Beauty

Several hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its holdings in shares of e.l.f. Beauty by 3.3% in 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 period. Truist Financial Corp grew its stake in e.l.f. Beauty by 1.3% in the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company's stock worth $990,000 after purchasing an additional 102 shares in the last quarter. Arizona State Retirement System grew its stake in e.l.f. Beauty by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock worth $2,055,000 after purchasing an additional 128 shares in the last quarter. Cetera Trust Company N.A grew its stake 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 worth $112,000 after purchasing an additional 130 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in e.l.f. Beauty by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock worth $2,967,000 after purchasing an additional 140 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded down $1.98 during mid-day trading on Thursday, reaching $72.97. 3,049,882 shares of the stock traded hands, compared to its average volume of 2,417,069. The stock has a market capitalization of $4.11 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of 1.54 and a beta of 1.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. e.l.f. Beauty has a 12-month low of $63.50 and a 12-month high of $221.83. The business's 50-day moving average is $116.66 and its 200-day moving average is $124.10.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 17.35%. As a group, sell-side analysts predict that e.l.f. Beauty will post 2.8 EPS for the current fiscal 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.