e.l.f. Beauty (NYSE:ELF) Receives Buy Rating from B. Riley

B. Riley reiterated their buy rating on shares of e.l.f. Beauty (NYSE:ELF - Free Report) in a research report report published on Friday,Benzinga reports. The brokerage currently has a $90.00 price objective on the stock, down from their prior price objective of $150.00.

ELF has been the subject of several other reports. DA Davidson downgraded e.l.f. Beauty from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $170.00 to $80.00 in a research note on Friday. Stifel Nicolaus cut their price target on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Monday, February 3rd. Piper Sandler cut their price target on e.l.f. Beauty from $167.00 to $131.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. JPMorgan Chase & Co. raised their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Finally, Bank of America cut their price target on e.l.f. Beauty from $190.00 to $165.00 and set a "buy" rating for the company in a research note on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $134.00.

e.l.f. Beauty Stock Up 3.9 %

e.l.f. Beauty stock traded up $2.91 during mid-day trading on Friday, hitting $76.77. The company's stock had a trading volume of 3,237,111 shares, compared to its average volume of 3,255,420. The firm's 50 day moving average is $121.36 and its 200 day moving average is $126.57. The company has a market cap of $4.32 billion, a PE ratio of 45.42, 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 52-week low of $63.50 and a 52-week high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 17.35% and a net margin of 7.55%. On average, analysts anticipate that e.l.f. Beauty will post 2.8 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In related news, insider Scott Milsten sold 530 shares of the firm'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 completion of the transaction, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maureen C. Watson sold 785 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the transaction, the director now owns 1,888 shares of the company's stock, valued at $245,440. This trade represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is owned by corporate insiders.

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

Several institutional investors have recently bought and sold shares of ELF. Baillie Gifford & Co. raised its position in e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock valued at $1,005,584,000 after purchasing an additional 2,703,742 shares during the last quarter. Champlain Investment Partners LLC bought a new position in e.l.f. Beauty in the 3rd quarter valued at $121,558,000. Swedbank AB bought a new position in e.l.f. Beauty in the 3rd quarter valued at $76,321,000. William Blair Investment Management LLC increased its stake in shares of e.l.f. Beauty by 40.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock valued at $289,437,000 after buying an additional 669,321 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth $68,775,000. Institutional investors own 92.44% of the company's stock.

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.