e.l.f. Beauty (NYSE:ELF) Earns Buy Rating from DA Davidson

DA Davidson reaffirmed their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a research note published on Tuesday morning, Benzinga reports. The firm currently has a $223.00 price objective on the stock.

A number of other brokerages have also recently commented on ELF. Robert W. Baird boosted their target price on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the company an outperform rating in a report on Friday, August 9th. Stifel Nicolaus boosted their price objective on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the stock a hold rating in a research note on Monday, July 22nd. Bank of America decreased their target price on shares of e.l.f. Beauty from $230.00 to $190.00 and set a buy rating for the company in a research note on Monday, September 9th. JPMorgan Chase & Co. lowered their target price on shares of e.l.f. Beauty from $224.00 to $207.00 and set an overweight rating for the company in a report on Friday, August 9th. Finally, Morgan Stanley cut their price target on e.l.f. Beauty from $184.00 to $139.00 and set an equal weight rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, e.l.f. Beauty presently has a consensus rating of Moderate Buy and an average price target of $195.80.

e.l.f. Beauty Trading Down 0.4 %

Shares of ELF opened at $105.24 on Tuesday. e.l.f. Beauty has a 1-year low of $88.47 and a 1-year high of $221.83. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 2.33 and a beta of 1.44. The firm’s 50-day moving average price is $141.48 and its 200-day moving average price is $168.73. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last posted its 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 firm had revenue of $324.48 million for the quarter, compared to the consensus estimate of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. Sell-side analysts anticipate that e.l.f. Beauty will post 2.88 EPS for the current year.

Insider Activity

In other news, SVP Joshua Allen Franks sold 3,370 shares of the business’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 transaction of $678,313.60. Following the completion of the transaction, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty stock in a transaction 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 $14,489,342.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 23,528 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the transaction, the chief executive officer now directly owns 106,016 shares in the company, valued at approximately $14,465,883.20. The disclosure for this sale can be found here. Insiders have sold a total of 27,446 shares of company stock valued at $3,984,609 in the last 90 days. 5.20% of the stock is currently owned by insiders.

Institutional Trading of e.l.f. Beauty

Large investors have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC bought a new position in e.l.f. Beauty in the second quarter worth approximately $26,000. Matrix Trust Co bought a new position in e.l.f. Beauty in the 2nd quarter worth $27,000. Innealta Capital LLC purchased a new position in e.l.f. Beauty during the second quarter valued at $30,000. Harbor Investment Advisory LLC bought a new stake in e.l.f. Beauty during the first quarter valued at about $31,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in e.l.f. Beauty by 405.9% in the second 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 in the last quarter. 92.44% of the stock is currently owned by institutional investors.

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.