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

e.l.f. Beauty (NYSE:ELF)‘s stock had its “buy” rating restated by equities researchers at DA Davidson in a research report issued on Tuesday,Benzinga reports. They currently have a $170.00 price target on the stock. DA Davidson’s price objective suggests a potential upside of 41.88% from the stock’s previous close.

ELF has been the topic of several other reports. Truist Financial boosted their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Robert W. Baird decreased their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Jefferies Financial Group dropped their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group started coverage on e.l.f. Beauty in a report on Friday, December 13th. They set a “buy” rating and a $165.00 price objective on the stock. Finally, Piper Sandler increased their target price on e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $169.06.

e.l.f. Beauty Trading Down 5.6 %

ELF traded down $7.13 during trading on Tuesday, hitting $119.82. 2,543,229 shares of the company’s stock were exchanged, compared to its average volume of 1,508,556. e.l.f. Beauty has a 1 year low of $98.50 and a 1 year high of $221.83. The stock has a 50 day moving average price of $129.13 and a 200 day moving average price of $135.95. The firm has a market cap of $6.75 billion, a P/E ratio of 64.82, a price-to-earnings-growth ratio of 2.21 and a beta of 1.50. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The firm had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm’s revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 EPS. As a group, analysts expect that e.l.f. Beauty will post 2.79 EPS for the current fiscal year.

Insider Activity

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

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty during the 3rd quarter valued at $25,000. Planning Capital Management Corp boosted its stake in e.l.f. Beauty by 1,855.0% during the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after buying an additional 371 shares in the last quarter. nVerses Capital LLC acquired a new position in e.l.f. Beauty during the third quarter worth about $44,000. Peterson Financial Group Inc. bought a new stake in e.l.f. Beauty in the third quarter worth about $45,000. Finally, Blue Trust Inc. lifted its holdings in e.l.f. Beauty by 2,357.1% in the 3rd quarter. Blue Trust Inc. now owns 516 shares of the company’s stock valued at $56,000 after acquiring an additional 495 shares during the last quarter. 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.