Analysts Set e.l.f. Beauty, Inc. (NYSE:ELF) PT at $169.06

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have been assigned an average rating of “Buy” from the eighteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $169.06.

A number of analysts recently commented on ELF shares. DA Davidson reiterated a “buy” rating and issued a $170.00 target price on shares of e.l.f. Beauty in a report on Tuesday, January 21st. The Goldman Sachs Group initiated coverage on e.l.f. Beauty in a report on Friday, December 13th. They issued a “buy” rating and a $165.00 price target on the stock. B. Riley reduced their price objective on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Bank of America cut their target price on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. increased their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $110.63 on Friday. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 59.80, a PEG ratio of 2.03 and a beta of 1.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. e.l.f. Beauty has a 12 month low of $98.50 and a 12 month high of $221.83. The stock’s 50 day moving average price is $128.46 and its 200 day moving average price is $134.49.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.34. The business had revenue of $301.10 million during 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 was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Equities research analysts anticipate that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Maureen C. Watson sold 785 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the transaction, the director now owns 1,888 shares in the company, valued at approximately $245,440. This represents a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the sale, the chief executive officer now owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This trade represents 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 valued at $297,442 in the last three months. Insiders own 3.50% of the company’s stock.

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

Several institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. raised its stake in shares of e.l.f. Beauty by 39.5% in the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after acquiring an additional 1,501,151 shares in the last quarter. Champlain Investment Partners LLC bought a new position in shares of e.l.f. Beauty in the third quarter valued at approximately $121,558,000. Swedbank AB bought a new stake in shares of e.l.f. Beauty during the 3rd quarter worth $76,321,000. Clearbridge Investments LLC boosted its holdings in shares of e.l.f. Beauty by 84.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after buying an additional 576,383 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in e.l.f. Beauty by 223.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock valued at $60,543,000 after buying an additional 383,478 shares during the last quarter. 92.44% of the stock is currently owned by 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.