e.l.f. Beauty (NYSE:ELF) Receives $124.24 Average Price Target from Analysts

e.l.f. Beauty (NYSE:ELF) has received a consensus rating of “Moderate Buy” from the seventeen brokerages that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $118.88.

Several research firms have commented on ELF. UBS Group upped their price objective on e.l.f. Beauty from $59.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 21st. B. Riley restated a “buy” rating and issued a $150.00 price objective (up previously from $110.00) on shares of e.l.f. Beauty in a research report on Friday, June 13th. Robert W. Baird upped their price objective on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, June 6th. Morgan Stanley increased their target price on e.l.f. Beauty from $70.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday, May 29th. Finally, The Goldman Sachs Group decreased their target price on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research report on Friday, February 21st.

e.l.f. Beauty Trading Down 1.8%

e.l.f. Beauty stock opened at $120.08 on Wednesday. The company has a quick ratio of 2.00, a current ratio of 3.05 and a debt-to-equity ratio of 0.34. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $219.77. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 62.22, a price-to-earnings-growth ratio of 2.71 and a beta of 1.52. The stock has a 50-day moving average price of $85.92 and a 200 day moving average price of $91.40.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The firm had revenue of $332.65 million during the quarter, compared to the consensus estimate of $327.45 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. Sell-side analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current year.

Insiders Place Their Bets

In related news, insider Kory Marchisotto sold 51,350 shares of the firm’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the completion of the sale, the insider now directly owns 152,492 shares of the company’s stock, valued at approximately $8,136,973.12. This trade represents a 25.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 97,915 shares of the firm’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $5,224,744.40. Following the sale, the chief executive officer now directly owns 181,289 shares of the company’s stock, valued at $9,673,581.04. The trade was a 35.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 327,207 shares of company stock valued at $25,252,926 in the last three months. 3.50% of the stock is currently owned by insiders.

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

Several institutional investors have recently bought and sold shares of the company. Truist Financial Corp grew its position in e.l.f. Beauty by 1.3% in the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock valued at $990,000 after acquiring an additional 102 shares in the last quarter. Arizona State Retirement System grew its position in e.l.f. Beauty by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock valued at $2,055,000 after acquiring an additional 128 shares in the last quarter. Treasurer of the State of North Carolina grew its position in e.l.f. Beauty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company’s stock valued at $2,967,000 after acquiring an additional 140 shares in the last quarter. Atria Wealth Solutions Inc. grew its position in e.l.f. Beauty by 7.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock valued at $262,000 after acquiring an additional 150 shares in the last quarter. Finally, Horizon Investments LLC grew its position in e.l.f. Beauty by 29.0% in the 4th quarter. Horizon Investments LLC now owns 742 shares of the company’s stock valued at $93,000 after acquiring an additional 167 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Company Profile

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.