e.l.f. Beauty’s (ELF) Buy Rating Reaffirmed at DA Davidson

DA Davidson reaffirmed their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a report released on Tuesday morning, Benzinga reports. The brokerage currently has a $223.00 target price on the stock.

Several other research analysts have also issued reports on the company. Stifel Nicolaus raised their price target on e.l.f. Beauty from $151.00 to $161.00 and gave the stock a hold rating in a research report on Monday, July 22nd. B. Riley started coverage on e.l.f. Beauty in a report on Tuesday, September 10th. They set a buy rating and a $175.00 target price on the stock. Bank of America lowered their price target on e.l.f. Beauty from $190.00 to $165.00 and set a buy rating for the company in a research note on Tuesday. Robert W. Baird lifted their price objective on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the stock an outperform rating in a research note on Friday, August 9th. Finally, UBS Group lowered their target price on shares of e.l.f. Beauty from $250.00 to $230.00 and set a buy rating for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $196.93.

e.l.f. Beauty Trading Down 4.8 %

ELF stock opened at $109.94 on Tuesday. The business has a fifty day moving average of $130.84 and a 200-day moving average of $163.17. The company has a market cap of $6.15 billion, a P/E ratio of 49.52, a PEG ratio of 2.19 and a beta of 1.43. e.l.f. Beauty has a twelve month low of $88.47 and a twelve month high of $221.83. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company 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 year.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty 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 sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth about $26,000. Matrix Trust Co bought a new stake in e.l.f. Beauty during the second quarter worth about $27,000. Innealta Capital LLC acquired a new position in e.l.f. Beauty during the second quarter valued at approximately $30,000. Harbor Investment Advisory LLC bought a new position in e.l.f. Beauty in the first quarter valued at approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. increased 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 purchasing an additional 138 shares during the last quarter. 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.