e.l.f. Beauty (NYSE:ELF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of e.l.f. Beauty (NYSE:ELF) have been given an average rating of “Moderate Buy” by the eighteen analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $78.3125.

ELF has been the topic of a number of recent analyst reports. Bank of America lowered their price target on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Sanford C. Bernstein initiated coverage on e.l.f. Beauty in a research report on Thursday, June 11th. They set a “market perform” rating and a $60.00 price target on the stock. Robert W. Baird lowered their price target on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. Jefferies Financial Group lowered their price target on e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, JPMorgan Chase & Co. lowered their price target on e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st.

Insider Activity

In other e.l.f. Beauty news, insider Kory Marchisotto sold 23,796 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $63.66, for a total transaction of $1,514,853.36. Following the transaction, the insider owned 152,417 shares of the company’s stock, valued at $9,702,866.22. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mandy J. Fields sold 23,656 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $63.66, for a total value of $1,505,940.96. Following the sale, the insider owned 77,437 shares of the company’s stock, valued at approximately $4,929,639.42. This represents a 23.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 256,347 shares of company stock valued at $15,713,592. 3.90% of the stock is owned by insiders.

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

A number of institutional investors have recently made changes to their positions in ELF. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of e.l.f. Beauty during the fourth quarter worth approximately $26,000. Hilton Head Capital Partners LLC bought a new stake in shares of e.l.f. Beauty in the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC boosted its stake in shares of e.l.f. Beauty by 97.0% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after buying an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after purchasing an additional 117 shares during the last quarter. Finally, Arax Advisory Partners bought a new stake in e.l.f. Beauty during the fourth quarter worth $41,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $67.44 on Friday. The business’s 50 day moving average price is $59.52 and its two-hundred day moving average price is $72.03. The company has a market cap of $4.01 billion, a PE ratio of 146.61, a price-to-earnings-growth ratio of 2.62 and a beta of 1.63. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $449.29 million for the quarter, compared to the consensus estimate of $423.06 million. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The business’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, analysts predict that e.l.f. Beauty will post 2.42 EPS for the current year.

e.l.f. Beauty Company Profile

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.