e.l.f. Beauty's (ELF) Buy Rating Reaffirmed at DA Davidson

e.l.f. Beauty (NYSE:ELF - Get Free Report)'s stock had its "buy" rating reaffirmed by DA Davidson in a report issued on Thursday,Benzinga reports. They currently have a $170.00 target price on the stock. DA Davidson's price target points to a potential upside of 31.69% from the company's current price.

A number of other research firms have also recently issued reports on ELF. Stifel Nicolaus cut 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 report on Thursday, November 7th. Jefferies Financial Group cut their price target on e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Truist Financial increased their price objective 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. The Goldman Sachs Group began coverage on shares of e.l.f. Beauty in a report on Friday, December 13th. They set a "buy" rating and a $165.00 target price for the company. Finally, Canaccord Genuity Group lowered their price target on shares of e.l.f. Beauty from $250.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, e.l.f. Beauty has an average rating of "Moderate Buy" and a consensus target price of $171.82.

e.l.f. Beauty Stock Up 1.5 %

Shares of NYSE:ELF traded up $1.89 during midday trading on Thursday, hitting $129.09. The stock had a trading volume of 1,142,488 shares, compared to its average volume of 1,951,559. 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 business's 50-day simple moving average is $121.23 and its 200-day simple moving average is $147.74. e.l.f. Beauty has a 12 month low of $98.50 and a 12 month high of $221.83. The company has a market cap of $7.27 billion, a P/E ratio of 69.78, a PEG ratio of 3.03 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data 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 net margin of 8.87% and a return on equity of 19.34%. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same period in the previous year, the business earned $0.66 EPS. e.l.f. Beauty's revenue for the quarter was up 39.7% compared to the same quarter last year. On average, sell-side analysts forecast that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other e.l.f. Beauty news, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the transaction, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maureen C. Watson sold 785 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the transaction, the director now directly 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. Over the last quarter, insiders have sold 2,205 shares of company stock worth $297,442. Company insiders own 3.50% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. bought a new position in e.l.f. Beauty in the second quarter valued at about $232,000. Baillie Gifford & Co. bought a new position in e.l.f. Beauty in the 2nd quarter valued at approximately $801,693,000. Silvant Capital Management LLC acquired a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $1,003,000. Highland Capital Management LLC grew its holdings in e.l.f. Beauty by 18.2% during the 2nd quarter. Highland Capital Management LLC now owns 1,493 shares of the company's stock worth $315,000 after acquiring an additional 230 shares during the last quarter. Finally, WD Rutherford LLC increased its position in e.l.f. Beauty by 17.5% in the 2nd quarter. WD Rutherford LLC now owns 15,916 shares of the company's stock valued at $3,354,000 after acquiring an additional 2,374 shares during the period. 92.44% of the stock is currently owned by 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.