e.l.f. Beauty, Inc. (NYSE:ELF) Receives $183.80 Consensus PT from Brokerages

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have been given an average rating of “Buy” by the sixteen brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $173.53.

ELF has been the subject of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $165.00 price objective (up previously from $162.00) on shares of e.l.f. Beauty in a research report on Thursday, November 7th. Jefferies Financial Group lowered their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. dropped their price target on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Morgan Stanley reduced their price objective on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. Finally, DA Davidson cut their price target on shares of e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, November 7th.

Insider Activity

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the transaction, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management raised its stake in shares of e.l.f. Beauty by 3.2% in the second quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock worth $512,000 after buying an additional 75 shares during the period. Hanseatic Management Services Inc. lifted its holdings in e.l.f. Beauty by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock valued at $950,000 after purchasing an additional 77 shares in the last quarter. Guardian Asset Advisors LLC lifted its holdings in e.l.f. Beauty by 6.5% during the first quarter. Guardian Asset Advisors LLC now owns 1,485 shares of the company’s stock valued at $291,000 after purchasing an additional 90 shares in the last quarter. Portside Wealth Group LLC boosted its position in shares of e.l.f. Beauty by 3.2% in the second quarter. Portside Wealth Group LLC now owns 2,982 shares of the company’s stock worth $628,000 after purchasing an additional 93 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of e.l.f. Beauty by 27.8% during the 2nd quarter. GAMMA Investing LLC now owns 451 shares of the company’s stock valued at $95,000 after purchasing an additional 98 shares during the period. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $134.20 on Tuesday. The company’s fifty day moving average price is $112.47 and its 200-day moving average price is $155.59. The stock has a market cap of $7.57 billion, a PE ratio of 72.54, a price-to-earnings-growth ratio of 2.50 and a beta of 1.44. The company has a current ratio of 1.78, a quick ratio of 1.10 and a debt-to-equity ratio of 0.22. e.l.f. Beauty has a 12 month low of $93.55 and a 12 month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The business had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. e.l.f. Beauty’s quarterly revenue was up 39.7% on a year-over-year basis. On average, equities analysts expect that e.l.f. Beauty will post 2.88 EPS for the current fiscal year.

About e.l.f. Beauty

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.