e.l.f. Beauty (NYSE:ELF) Stock Rating Reaffirmed by DA Davidson

e.l.f. Beauty (NYSE:ELF)‘s stock had its “buy” rating reissued by stock analysts at DA Davidson in a report issued on Wednesday, Benzinga reports. They currently have a $223.00 price target on the stock. DA Davidson’s target price would suggest a potential upside of 94.42% from the stock’s current price.

Several other research analysts have also recently issued reports on ELF. Stifel Nicolaus increased their price objective on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Truist Financial increased their price objective on shares of e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Bank of America decreased their price objective on shares of e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating for the company in a report on Monday. Canaccord Genuity Group increased their price objective on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Finally, Baird R W upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average price target of $205.33.

e.l.f. Beauty Trading Up 0.5 %

e.l.f. Beauty stock opened at $114.70 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $164.61 and a two-hundred day moving average price of $178.45. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 51.67, a PEG ratio of 2.55 and a beta of 1.44. e.l.f. Beauty has a 52-week low of $88.47 and a 52-week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. The firm had revenue of $324.48 million during the quarter, compared to analyst estimates of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. Sell-side analysts expect that e.l.f. Beauty will post 2.88 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In related news, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the sale, the senior vice president now owns 71,986 shares in the company, valued at approximately $14,489,342.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the sale, the senior vice president now owns 71,986 shares in the company, valued at approximately $14,489,342.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tarang Amin sold 15,386 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the completion of the sale, the chief executive officer now owns 171,329 shares of the company’s stock, valued at approximately $34,411,429.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,304 shares of company stock worth $3,864,492. 5.20% of the stock is owned by corporate insiders.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in e.l.f. Beauty by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock worth $873,351,000 after buying an additional 79,701 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in e.l.f. Beauty in the 2nd quarter worth approximately $801,693,000. Wellington Management Group LLP lifted its position in e.l.f. Beauty by 5.2% in the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after buying an additional 126,231 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of e.l.f. Beauty by 12.5% during the 2nd quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock valued at $318,647,000 after purchasing an additional 168,267 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of e.l.f. Beauty by 84.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after purchasing an additional 576,383 shares in the last quarter. Hedge funds and other institutional investors 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.