Brokerages Set e.l.f. Beauty, Inc. (NYSE:ELF) PT at $31.88

e.l.f. Beauty, Inc. (NYSE:ELF) has received a consensus rating of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $31.88.

Several equities analysts have recently weighed in on the company. Piper Sandler reiterated a “buy” rating and set a $30.00 price objective on shares of e.l.f. Beauty in a report on Monday, May 24th. Zacks Investment Research cut e.l.f. Beauty from a “buy” rating to a “hold” rating in a report on Tuesday, August 10th. Citigroup upgraded e.l.f. Beauty from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $32.00 to $35.00 in a report on Thursday, August 5th. Finally, Raymond James assumed coverage on e.l.f. Beauty in a report on Tuesday, July 13th. They set an “outperform” rating and a $33.00 price objective on the stock.

In related news, CEO Tarang Amin sold 67,166 shares of the business’s stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $27.84, for a total transaction of $1,869,901.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maureen C. Watson sold 10,037 shares of the business’s stock in a transaction that occurred on Monday, August 30th. The stock was sold at an average price of $31.00, for a total value of $311,147.00. The disclosure for this sale can be found here. Insiders sold a total of 84,104 shares of company stock worth $2,393,182 in the last 90 days. Company insiders own 11.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of e.l.f. Beauty by 91.5% during the 1st quarter. BlackRock Inc. now owns 6,515,786 shares of the company’s stock worth $174,818,000 after acquiring an additional 3,113,256 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of e.l.f. Beauty by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,836,979 shares of the company’s stock worth $131,275,000 after acquiring an additional 51,629 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in shares of e.l.f. Beauty by 0.6% during the 2nd quarter. Champlain Investment Partners LLC now owns 3,763,143 shares of the company’s stock worth $102,132,000 after acquiring an additional 20,670 shares during the last quarter. Victory Capital Management Inc. grew its holdings in e.l.f. Beauty by 10.5% in the 2nd quarter. Victory Capital Management Inc. now owns 2,453,522 shares of the company’s stock valued at $66,589,000 after buying an additional 233,056 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in e.l.f. Beauty by 33.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,541,956 shares of the company’s stock valued at $41,849,000 after buying an additional 384,942 shares in the last quarter. 87.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of e.l.f. Beauty stock traded down $0.24 during trading on Friday, hitting $29.98. 2,377,018 shares of the company were exchanged, compared to its average volume of 386,755. The firm has a market capitalization of $1.55 billion, a P/E ratio of 124.92 and a beta of 2.07. e.l.f. Beauty has a 1-year low of $17.32 and a 1-year high of $31.67. The firm’s fifty day moving average price is $28.81 and its 200 day moving average price is $28.34. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.20 and a quick ratio of 1.55.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Tuesday, August 3rd. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.13. e.l.f. Beauty had a return on equity of 10.37% and a net margin of 3.71%. The business had revenue of $97.05 million for the quarter, compared to analysts’ expectations of $79.52 million. During the same quarter in the previous year, the business posted $0.17 EPS. e.l.f. Beauty’s revenue for the quarter was up 50.4% on a year-over-year basis. As a group, equities research analysts anticipate that e.l.f. Beauty will post 0.45 earnings per share for the current year.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc operates as a holding company, which engages in the provision of cosmetic and skin-care product. It operates through the U.S and International geographical segments. The company focuses on the e-commerce, national retailers, and international business channels. Its product portfolio includes eyes, lips, face, kits, tools, and skin care categories.

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Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

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