e.l.f. Beauty (NYSE:ELF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of e.l.f. Beauty (NYSE:ELF) have been given a consensus rating of “Moderate Buy” by the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $80.3750.

Several research analysts have issued reports on the stock. Canaccord Genuity Group raised their price objective on shares of e.l.f. Beauty from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Morgan Stanley reduced their target price on shares of e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating for the company in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $64.00 target price on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. Sanford C. Bernstein started coverage on e.l.f. Beauty in a research report on Thursday, June 11th. They issued a “market perform” rating and a $60.00 price target on the stock. Finally, Raymond James Financial boosted their price target on e.l.f. Beauty from $85.00 to $87.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 14th.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $79.16 on Thursday. The company’s 50 day simple moving average is $64.11 and its 200-day simple moving average is $71.63. The firm has a market cap of $4.67 billion, a PE ratio of 172.10, a price-to-earnings-growth ratio of 3.10 and a beta of 1.59. e.l.f. Beauty has a 12-month low of $48.82 and a 12-month high of $150.99. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72.

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

Insider Buying and Selling

In other news, 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 transaction, the insider owned 77,437 shares of the company’s stock, valued at approximately $4,929,639.42. The trade was a 23.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Scott Milsten sold 23,797 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $63.66, for a total value of $1,514,917.02. Following the completion of the transaction, the insider directly owned 114,940 shares in the company, valued at approximately $7,317,080.40. The trade was a 17.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 278,988 shares of company stock worth $18,354,580. 3.50% of the stock is currently owned by insiders.

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

A number of large investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of e.l.f. Beauty in the fourth quarter valued at about $26,000. Hilton Head Capital Partners LLC purchased a new position in e.l.f. Beauty during the fourth quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its position in 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 purchasing an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in e.l.f. Beauty by 58.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after purchasing an additional 117 shares in the last quarter. Finally, Arax Advisory Partners acquired a new position in e.l.f. Beauty during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.