e.l.f. Beauty (NYSE:ELF) Given Buy Rating at DA Davidson

e.l.f. Beauty (NYSE:ELF)‘s stock had its “buy” rating restated by stock analysts at DA Davidson in a note issued to investors on Tuesday, Benzinga reports. They presently have a $223.00 price objective on the stock. DA Davidson’s price objective would indicate a potential upside of 110.74% from the stock’s current price.

Other equities analysts have also issued reports about the company. UBS Group reduced their price target on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. dropped their price target on e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Stifel Nicolaus lifted their price target on e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Robert W. Baird lifted their price objective on e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Canaccord Genuity Group lifted their price target on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.80.

e.l.f. Beauty Price Performance

NYSE:ELF traded down $3.21 during mid-day trading on Tuesday, reaching $105.82. The stock had a trading volume of 2,457,304 shares, compared to its average volume of 1,787,438. The stock has a market capitalization of $5.92 billion, a P/E ratio of 47.82, a P/E/G ratio of 2.33 and a beta of 1.44. The firm has a 50 day moving average price of $145.58 and a two-hundred day moving average price of $170.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. e.l.f. Beauty has a one year low of $88.47 and a one year high of $221.83.

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

Insider Activity

In other news, CEO Tarang Amin sold 15,386 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 171,329 shares of the company’s stock, valued at approximately $34,411,429.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the sale, the senior vice president now directly 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 is available through this hyperlink. Also, CEO Tarang Amin sold 15,386 shares of e.l.f. Beauty stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the transaction, the chief executive officer now directly 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 quarter, insiders sold 42,832 shares of company stock worth $7,074,887. 5.20% of the stock is currently owned by company insiders.

Institutional Trading of e.l.f. Beauty

A number of hedge funds have recently added to or reduced their stakes in ELF. Canada Pension Plan Investment Board acquired a new stake in e.l.f. Beauty in the second quarter valued at $6,659,000. Wellington Management Group LLP boosted its stake in e.l.f. Beauty by 5.2% during the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after buying an additional 126,231 shares in the last quarter. Swiss National Bank lifted its position in shares of e.l.f. Beauty by 0.5% during the 1st quarter. Swiss National Bank now owns 108,900 shares of the company’s stock valued at $21,348,000 after acquiring an additional 500 shares during the last quarter. Nia Impact Advisors LLC acquired a new stake in e.l.f. Beauty during the 2nd quarter valued at $1,794,000. Finally, Private Advisor Group LLC acquired a new stake in e.l.f. Beauty during the 1st quarter valued at $417,000. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Company Profile

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.