e.l.f. Beauty, Inc. (NYSE:ELF) Receives $183.80 Consensus PT from Analysts

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have been given an average rating of “Buy” by the sixteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $173.53.

A number of research analysts have recently commented on ELF shares. Stifel Nicolaus dropped their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a report on Thursday. B. Riley dropped their price objective on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday. Piper Sandler reiterated an “overweight” rating and issued a $165.00 price objective (up previously from $162.00) on shares of e.l.f. Beauty in a report on Thursday. JPMorgan Chase & Co. dropped their price target on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Baird R W upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th.

e.l.f. Beauty Trading Up 11.4 %

ELF opened at $116.07 on Tuesday. e.l.f. Beauty has a one year low of $92.16 and a one year high of $221.83. The company has a market cap of $6.55 billion, a P/E ratio of 55.27, a PEG ratio of 2.16 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. The business’s 50-day simple moving average is $113.06 and its 200-day simple moving average is $156.17.

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

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at $14,465,883.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.50% of the stock is owned by insiders.

Institutional Trading of e.l.f. Beauty

Hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. acquired a new position in e.l.f. Beauty during the second quarter worth $801,693,000. Swedbank AB acquired a new position in e.l.f. Beauty during the third quarter worth $76,321,000. Clearbridge Investments LLC purchased a new position in e.l.f. Beauty during the first quarter worth $133,940,000. Thrivent Financial for Lutherans increased its position in e.l.f. Beauty by 223.2% during the third quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after buying an additional 383,478 shares in the last quarter. Finally, 1832 Asset Management L.P. purchased a new position in e.l.f. Beauty during the first quarter worth $61,299,000. 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.