e.l.f. Beauty (NYSE:ELF) Earns “Neutral” Rating from DA Davidson

e.l.f. Beauty (NYSE:ELF)‘s stock had its “neutral” rating restated by investment analysts at DA Davidson in a research note issued on Tuesday,Benzinga reports. They presently have a $80.00 price objective on the stock. DA Davidson’s price objective would suggest a potential upside of 9.63% from the company’s previous close.

Several other research firms have also commented on ELF. Piper Sandler dropped their target price on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. UBS Group reissued a “neutral” rating and issued a $74.00 target price (down previously from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. JPMorgan Chase & Co. lifted their target price on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley reiterated an “equal weight” rating and set a $70.00 target price (down previously from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, B. Riley reiterated a “buy” rating and set a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average price target of $134.00.

e.l.f. Beauty Stock Down 2.6 %

NYSE:ELF opened at $72.97 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average is $115.31 and its two-hundred day moving average is $123.09. e.l.f. Beauty has a 52 week low of $63.50 and a 52 week high of $221.83. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 43.18, a price-to-earnings-growth ratio of 1.54 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 17.35%. Research analysts anticipate that e.l.f. Beauty will post 2.8 EPS for the current year.

Insider Buying and Selling

In related news, insider Scott Milsten sold 530 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,205 shares of company stock valued at $297,442. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On e.l.f. Beauty

Several large investors have recently modified their holdings of ELF. Robbins Farley raised its stake in e.l.f. Beauty by 27.1% during the fourth quarter. Robbins Farley now owns 34,396 shares of the company’s stock worth $4,318,000 after acquiring an additional 7,335 shares during the period. Pacer Advisors Inc. raised its stake in e.l.f. Beauty by 43.4% during the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock worth $1,482,000 after acquiring an additional 3,572 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in e.l.f. Beauty by 1,380.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock worth $1,775,000 after acquiring an additional 15,184 shares during the period. Ibex Wealth Advisors acquired a new stake in e.l.f. Beauty during the fourth quarter worth about $5,519,000. Finally, Capricorn Fund Managers Ltd acquired a new stake in e.l.f. Beauty during the fourth quarter worth about $7,118,000. Institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.