e.l.f. Beauty, Inc. (NYSE:ELF) Receives $132.94 Consensus Price Target from Analysts

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $132.94.

Several research firms have weighed in on ELF. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a report on Thursday, December 12th. They issued a “hold” rating and a $133.00 target price on the stock. DA Davidson reiterated a “neutral” rating and issued a $80.00 target price on shares of e.l.f. Beauty in a report on Tuesday, February 18th. Stifel Nicolaus decreased their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. B. Riley reiterated a “buy” rating and issued a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th.

e.l.f. Beauty Stock Up 8.7 %

Shares of NYSE ELF opened at $68.43 on Monday. e.l.f. Beauty has a 12-month low of $61.90 and a 12-month high of $219.77. The stock has a market cap of $3.86 billion, a PE ratio of 40.49, a P/E/G ratio of 6.76 and a beta of 1.60. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $92.02 and a 200 day moving average of $110.56.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. As a group, sell-side analysts predict that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the sale, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. This represents a 67.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.50% of the stock is owned by company insiders.

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

A number of large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of e.l.f. Beauty by 3.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock valued at $361,000 after purchasing an additional 91 shares during the last quarter. Truist Financial Corp increased its position in shares of 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 purchasing an additional 102 shares during the last quarter. Arizona State Retirement System increased its position in shares of 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 purchasing an additional 128 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of 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 purchasing an additional 140 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its position in shares of 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 buying an additional 150 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.