e.l.f. Beauty (NYSE:ELF) Earns Buy Rating from DA Davidson

e.l.f. Beauty (NYSE:ELF)‘s stock had its “buy” rating restated by analysts at DA Davidson in a report released on Wednesday,Benzinga reports. They presently have a $170.00 target price on the stock. DA Davidson’s target price points to a potential upside of 92.25% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Morgan Stanley raised e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $139.00 to $153.00 in a research note on Monday, January 13th. Robert W. Baird reduced their target price on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Bank of America lowered their price target on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. The Goldman Sachs Group assumed coverage on shares of e.l.f. Beauty in a research note on Friday, December 13th. They issued a “buy” rating and a $165.00 price objective for the company. Finally, Piper Sandler increased their target price on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and two have assigned 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 price target of $168.47.

e.l.f. Beauty Trading Down 5.4 %

ELF opened at $88.43 on Wednesday. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 47.80, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. e.l.f. Beauty has a 52 week low of $86.14 and a 52 week high of $221.83. The business’s 50 day moving average is $125.96 and its two-hundred day moving average is $129.81. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The business had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. On average, research analysts predict that e.l.f. Beauty will post 2.8 EPS for the current year.

Insider Activity

In related news, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the transaction, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock worth $297,442 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Robbins Farley increased its position in shares of e.l.f. Beauty by 27.1% during the fourth quarter. Robbins Farley now owns 34,396 shares of the company’s stock valued at $4,318,000 after purchasing an additional 7,335 shares during the period. Pacer Advisors Inc. boosted its stake in e.l.f. Beauty by 43.4% during the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock worth $1,482,000 after buying an additional 3,572 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in e.l.f. Beauty by 1,380.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock valued at $1,775,000 after buying an additional 15,184 shares during the period. Ibex Wealth Advisors acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at $5,519,000. Finally, Capricorn Fund Managers Ltd bought a new position in shares of e.l.f. Beauty during the 4th quarter worth about $7,118,000. Institutional investors and hedge funds 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.