e.l.f. Beauty (NYSE:ELF) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of e.l.f. Beauty (NYSE:ELFGet Rating) in a research report released on Thursday morning. The brokerage issued a hold rating on the stock.

A number of other equities research analysts have also issued reports on ELF. DA Davidson raised their price target on e.l.f. Beauty from $77.00 to $91.00 and gave the stock a buy rating in a research note on Wednesday. Cowen raised their price target on e.l.f. Beauty from $36.00 to $70.00 and gave the stock a market perform rating in a research note on Thursday, February 16th. Truist Financial raised their price objective on e.l.f. Beauty from $50.00 to $75.00 and gave the stock a buy rating in a report on Thursday, February 2nd. Jefferies Financial Group downgraded e.l.f. Beauty from a buy rating to a hold rating and set a $55.00 price objective on the stock. in a report on Monday, January 9th. Finally, Morgan Stanley raised their price objective on e.l.f. Beauty from $64.00 to $75.00 and gave the stock an overweight rating in a report on Thursday, February 2nd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $69.75.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $72.47 on Thursday. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 85.26, a PEG ratio of 2.27 and a beta of 1.49. e.l.f. Beauty has a 1 year low of $20.49 and a 1 year high of $76.01. The business has a 50 day simple moving average of $66.09 and a 200-day simple moving average of $53.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.00 and a quick ratio of 2.08.

e.l.f. Beauty (NYSE:ELFGet Rating) last posted its quarterly earnings data on Wednesday, February 1st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.21. e.l.f. Beauty had a return on equity of 15.00% and a net margin of 9.43%. The business had revenue of $146.54 million during the quarter, compared to analyst estimates of $121.82 million. Equities analysts forecast that e.l.f. Beauty will post 1.03 EPS for the current year.

Insider Activity

In other news, CEO Tarang Amin sold 39,740 shares of e.l.f. Beauty stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $55.56, for a total value of $2,207,954.40. Following the transaction, the chief executive officer now directly owns 347,496 shares in the company, valued at approximately $19,306,877.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Tarang Amin sold 39,740 shares of e.l.f. Beauty stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $55.56, for a total value of $2,207,954.40. Following the transaction, the chief executive officer now directly owns 347,496 shares in the company, valued at approximately $19,306,877.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Milsten sold 61,139 shares of e.l.f. Beauty stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $66.54, for a total value of $4,068,189.06. Following the completion of the transaction, the insider now owns 127,560 shares in the company, valued at $8,487,842.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 311,195 shares of company stock worth $20,604,238. 8.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Middle East FZE purchased a new position in e.l.f. Beauty during the 4th quarter worth $28,000. Point72 Asset Management L.P. acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $46,000. Optimum Investment Advisors purchased a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $55,000. Signaturefd LLC increased its stake in shares of e.l.f. Beauty by 298.5% in the 4th quarter. Signaturefd LLC now owns 1,068 shares of the company’s stock valued at $59,000 after purchasing an additional 800 shares in the last quarter. Finally, Covestor Ltd increased its stake in shares of e.l.f. Beauty by 8,340.0% in the 1st quarter. Covestor Ltd now owns 1,266 shares of the company’s stock valued at $33,000 after purchasing an additional 1,251 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

(Get Rating)

e.l.f. Beauty, Inc operates as a holding company, which engages in the provision of cosmetic 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. The company was founded in 2004 and is headquartered in Oakland, CA.

See Also

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

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