e.l.f. Beauty, Inc. (NYSE:ELF) Short Interest Up 29.5% in February

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 7,470,000 shares, an increase of 29.5% from the January 31st total of 5,770,000 shares. Based on an average trading volume of 2,660,000 shares, the short-interest ratio is currently 2.8 days.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ELF. B. Riley restated a "buy" rating and set a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Canaccord Genuity Group decreased their target price on e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They set a "hold" rating and a $133.00 target price for the company. Raymond James decreased their target price on e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating for the company in a research report on Friday, February 7th. Finally, Truist Financial lifted their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, e.l.f. Beauty presently has an average rating of "Moderate Buy" and a consensus target price of $132.94.

Remove Ads

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock traded up $6.33 during trading on Friday, hitting $70.75. 4,072,178 shares of the company's stock traded hands, compared to its average volume of 3,116,674. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. e.l.f. Beauty has a 1 year low of $61.90 and a 1 year high of $219.77. The stock has a market capitalization of $3.99 billion, a P/E ratio of 41.87, a PEG ratio of 6.76 and a beta of 1.47. The business has a 50-day simple moving average of $97.69 and a 200-day simple moving average of $114.51.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. As a group, analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. raised its stake in e.l.f. Beauty by 51.0% during 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 period. Champlain Investment Partners LLC purchased a new position in shares of e.l.f. Beauty in the 3rd quarter worth approximately $121,558,000. Swedbank AB purchased a new position in e.l.f. Beauty during the 3rd quarter valued at $76,321,000. William Blair Investment Management LLC boosted its holdings in e.l.f. Beauty by 40.9% during 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 acquiring an additional 669,321 shares during the period. Finally, Aspex Management HK Ltd purchased a new position in e.l.f. Beauty during the 4th quarter valued at $73,576,000. Institutional investors own 92.44% of the company's stock.

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.