e.l.f. Beauty, Inc. (NYSE:ELF) Receives Average Rating of "Moderate … – MarketBeat

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Shares of e.l.f. Beauty, Inc. (NYSE:ELFGet Rating) have been given an average recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $52.10.
A number of equities research analysts have issued reports on ELF shares. Canaccord Genuity Group started coverage on e.l.f. Beauty in a research note on Wednesday, November 16th. They issued a “buy” rating for the company. Piper Sandler boosted their price target on e.l.f. Beauty from $46.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, November 3rd. Raymond James increased their price objective on shares of e.l.f. Beauty from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, November 3rd. Canaccord Genuity Group initiated coverage on shares of e.l.f. Beauty in a report on Thursday, November 17th. They set a “buy” rating and a $63.00 price objective for the company. Finally, Jefferies Financial Group increased their price objective on shares of e.l.f. Beauty from $39.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, September 22nd.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $55.30 on Friday. e.l.f. Beauty has a one year low of $20.49 and a one year high of $56.92. The stock’s fifty day moving average is $51.98 and its 200 day moving average is $41.17. The stock has a market cap of $2.93 billion, a P/E ratio of 87.78, a P/E/G ratio of 2.69 and a beta of 1.57. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.31 and a current ratio of 3.44.
e.l.f. Beauty (NYSE:ELFGet Rating) last released its earnings results on Wednesday, November 2nd. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.12. The company had revenue of $122.35 million for the quarter, compared to analysts’ expectations of $106.29 million. e.l.f. Beauty had a net margin of 7.57% and a return on equity of 11.83%. Sell-side analysts anticipate that e.l.f. Beauty will post 0.77 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 39,744 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $38.68, for a total value of $1,537,297.92. Following the completion of the transaction, the chief executive officer now owns 347,496 shares in the company, valued at approximately $13,441,145.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Tarang Amin sold 39,744 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $38.68, for a total value of $1,537,297.92. Following the completion of the sale, the chief executive officer now owns 347,496 shares in the company, valued at approximately $13,441,145.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joshua Allen Franks sold 1,957 shares of the stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $42.24, for a total value of $82,663.68. Following the completion of the sale, the senior vice president now owns 114,277 shares in the company, valued at $4,827,060.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 149,203 shares of company stock worth $6,538,360. 8.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Covestor Ltd boosted its holdings in shares of e.l.f. Beauty by 8,340.0% in the first quarter. Covestor Ltd now owns 1,266 shares of the company’s stock valued at $33,000 after purchasing an additional 1,251 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in shares of e.l.f. Beauty in the third quarter valued at about $110,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of e.l.f. Beauty in the third quarter valued at about $117,000. KBC Group NV bought a new stake in shares of e.l.f. Beauty in the second quarter valued at about $120,000. Finally, Advisor Group Holdings Inc. raised its holdings in shares of e.l.f. Beauty by 7.6% in the first quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock valued at $174,000 after acquiring an additional 476 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile

(Get Rating)
e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.

See Also

Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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