e.l.f. Beauty, Inc. (NYSE:ELF) Receives Average Rating of “Moderate Buy” from Analysts

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have earned an average rating 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 issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $134.00.

Several equities analysts have weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of e.l.f. Beauty from $165.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft assumed coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price objective for the company. B. Riley reaffirmed a “buy” rating and issued a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. DA Davidson reissued a “neutral” rating and set a $80.00 price objective on shares of e.l.f. Beauty in a research report on Tuesday. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th.

Insiders Place Their Bets

In other news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty 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. The trade was a 29.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the sale, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at approximately $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 sold a total of 2,205 shares of company stock worth $297,442 over the last 90 days. Corporate insiders own 3.50% of the company’s stock.

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

Several institutional investors have recently modified their holdings of the company. GTS Securities LLC lifted its position in e.l.f. Beauty by 102.7% in the fourth quarter. GTS Securities LLC now owns 1,806 shares of the company’s stock valued at $227,000 after acquiring an additional 68,410 shares during the last quarter. Pinnacle Investment Management Ltd purchased a new stake in e.l.f. Beauty in the fourth quarter valued at $1,256,000. Orion Capital Management LLC purchased a new stake in e.l.f. Beauty in the fourth quarter valued at $30,000. Thornburg Investment Management Inc. raised its holdings in shares of e.l.f. Beauty by 19.6% in the fourth quarter. Thornburg Investment Management Inc. now owns 31,778 shares of the company’s stock valued at $3,990,000 after buying an additional 5,198 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of e.l.f. Beauty by 67.9% in the fourth quarter. Royal Bank of Canada now owns 139,831 shares of the company’s stock valued at $17,555,000 after buying an additional 56,559 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $73.26 on Thursday. The firm has a 50-day simple moving average of $114.01 and a 200-day simple moving average of $122.43. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 43.35, a price-to-earnings-growth ratio of 6.94 and a beta of 1.47. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty has a 52 week low of $63.50 and a 52 week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates 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%. On average, equities analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

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.