Deutsche Bank Aktiengesellschaft Begins Coverage on e.l.f. Beauty (NYSE:ELF)

Stock analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of e.l.f. Beauty (NYSE:ELF - Get Free Report) in a note issued to investors on Thursday, MarketBeat.com reports. The brokerage set a "hold" rating and a $133.00 price target on the stock. Deutsche Bank Aktiengesellschaft's price target indicates a potential upside of 0.67% from the stock's previous close.

ELF has been the topic of a number of other reports. Piper Sandler restated an "overweight" rating and issued a $165.00 price target (up from $162.00) on shares of e.l.f. Beauty in a report on Thursday, November 7th. Truist Financial cut their price target on shares of e.l.f. Beauty from $210.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. TD Cowen cut 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 report on Thursday, September 12th. Morgan Stanley cut their price target on shares of e.l.f. Beauty from $184.00 to $139.00 and set an "equal weight" rating on the stock in a report on Monday, September 30th. Finally, Robert W. Baird cut their price target on shares of 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. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, e.l.f. Beauty has an average rating of "Moderate Buy" and a consensus target price of $171.00.

e.l.f. Beauty Trading Down 4.6 %

ELF stock traded down $6.36 during mid-day trading on Thursday, reaching $132.11. 1,021,416 shares of the stock traded hands, compared to its average volume of 1,960,565. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. e.l.f. Beauty has a one year low of $98.50 and a one year high of $221.83. The stock has a market capitalization of $7.44 billion, a PE ratio of 74.91, a PEG ratio of 3.06 and a beta of 1.49. The business has a 50-day moving average price of $117.75 and a two-hundred day moving average price of $149.71.

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

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

In other news, Director Maureen C. Watson sold 785 shares of the company's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Tarang Amin sold 890 shares of the company's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is currently owned by insiders.

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

Several hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. increased its holdings in shares of e.l.f. Beauty by 39.5% during the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company's stock valued at $578,480,000 after acquiring an additional 1,501,151 shares in the last quarter. State Street Corp increased its holdings in e.l.f. Beauty by 3.7% in the 3rd quarter. State Street Corp now owns 1,665,203 shares of the company's stock worth $181,557,000 after buying an additional 59,248 shares during the period. William Blair Investment Management LLC increased its holdings in e.l.f. Beauty by 12.5% in the 2nd quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company's stock worth $318,647,000 after buying an additional 168,267 shares during the period. Clearbridge Investments LLC increased its holdings in 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 during the period. Finally, FMR LLC increased its holdings in e.l.f. Beauty by 5.5% in the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company's stock worth $129,393,000 after buying an additional 61,524 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.