e.l.f. Beauty, Inc. (NYSE:ELF) Receives $198.93 Average PT from Analysts

e.l.f. Beauty, Inc. (NYSE:ELFGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $198.93.

A number of brokerages have recently commented on ELF. Raymond James restated a “strong-buy” rating and issued a $235.00 target price (up previously from $215.00) on shares of e.l.f. Beauty in a research note on Friday, June 14th. Piper Sandler restated an “overweight” rating and issued a $210.00 target price on shares of e.l.f. Beauty in a research note on Monday, June 24th. DA Davidson reissued a “buy” rating and issued a $220.00 price objective on shares of e.l.f. Beauty in a report on Monday, June 3rd. JPMorgan Chase & Co. cut their price objective on e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating for the company in a research report on Thursday, May 23rd. Finally, Canaccord Genuity Group boosted their price objective on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th.

Check Out Our Latest Report on e.l.f. Beauty

e.l.f. Beauty Stock Up 1.8 %

Shares of ELF opened at $206.74 on Wednesday. e.l.f. Beauty has a 52 week low of $88.47 and a 52 week high of $221.83. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $11.57 billion, a price-to-earnings ratio of 93.13, a PEG ratio of 5.15 and a beta of 1.46. The stock’s 50-day moving average price is $185.99 and its 200-day moving average price is $177.82.

e.l.f. Beauty (NYSE:ELFGet Free Report) last issued its earnings results on Wednesday, May 22nd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. The firm had revenue of $321.14 million for the quarter, compared to the consensus estimate of $292.47 million. On average, sell-side analysts predict that e.l.f. Beauty will post 2.85 EPS for the current year.

Insiders Place Their Bets

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 29,388 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total transaction of $4,890,163.20. Following the transaction, the senior vice president now owns 108,748 shares of the company’s stock, valued at $18,095,667.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 29,388 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total transaction of $4,890,163.20. Following the transaction, the senior vice president now owns 108,748 shares of the company’s stock, valued at $18,095,667.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kory Marchisotto sold 29,408 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total value of $4,893,491.20. Following the transaction, the insider now directly owns 156,969 shares in the company, valued at approximately $26,119,641.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 264,721 shares of company stock valued at $46,009,001. Insiders own 5.20% of the company’s stock.

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

Large investors have recently modified their holdings of the business. Armstrong Advisory Group Inc. lifted its stake in shares of e.l.f. Beauty by 390.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock valued at $29,000 after purchasing an additional 160 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in shares of e.l.f. Beauty in the 1st quarter valued at $31,000. Oakworth Capital Inc. purchased a new stake in shares of e.l.f. Beauty in the 1st quarter valued at $33,000. GPS Wealth Strategies Group LLC raised its holdings in shares of e.l.f. Beauty by 66.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after buying an additional 97 shares during the period. Finally, Rise Advisors LLC purchased a new stake in shares of e.l.f. Beauty in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

(Get Free Report

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.

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

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