e.l.f. Beauty’s (ELF) “Buy” Rating Reiterated at DA Davidson

DA Davidson reaffirmed their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a report issued on Wednesday, Benzinga reports. DA Davidson currently has a $223.00 price objective on the stock.

Several other equities analysts have also weighed in on ELF. Robert W. Baird raised their price objective on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the company an outperform rating in a research report on Friday, August 9th. Raymond James restated a strong-buy rating and set a $235.00 price target on shares of e.l.f. Beauty in a report on Monday, July 22nd. B. Riley began coverage on shares of e.l.f. Beauty in a report on Tuesday, September 10th. They issued a buy rating and a $175.00 price objective for the company. UBS Group cut their target price on e.l.f. Beauty from $250.00 to $230.00 and set a buy rating on the stock in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. decreased their price target on e.l.f. Beauty from $224.00 to $207.00 and set an overweight rating for the company in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $198.80.

e.l.f. Beauty Stock Down 1.5 %

e.l.f. Beauty stock opened at $112.91 on Wednesday. The firm’s 50 day moving average price is $153.71 and its two-hundred day moving average price is $174.39. The firm has a market cap of $6.32 billion, a PE ratio of 50.86, a P/E/G ratio of 2.37 and a beta of 1.45. e.l.f. Beauty has a twelve month low of $88.47 and a twelve month high of $221.83. 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 (NYSE:ELF) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The business had revenue of $324.48 million for the quarter, compared to the consensus estimate of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. On average, research analysts predict that e.l.f. Beauty will post 2.88 EPS for the current fiscal year.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the sale, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at approximately $37,538,725. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the transaction, the chief executive officer now directly owns 214,507 shares in the company, valued at $37,538,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was 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 of the company’s stock, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,304 shares of company stock valued at $3,864,492. 5.20% of the stock is owned by company insiders.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at about $26,000. Matrix Trust Co acquired a new stake in e.l.f. Beauty during the second quarter valued at approximately $27,000. Innealta Capital LLC bought a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $30,000. Harbor Investment Advisory LLC acquired a new position in shares of e.l.f. Beauty in the 1st quarter worth approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after buying an additional 138 shares during the period. Institutional investors own 92.44% of the company’s stock.

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.