e.l.f. Beauty (NYSE:ELF) Receives “Buy” Rating from DA Davidson

e.l.f. Beauty (NYSE:ELF)‘s stock had its “buy” rating reiterated by research analysts at DA Davidson in a report issued on Wednesday, Benzinga reports. They presently have a $223.00 price target on the stock. DA Davidson’s target price would suggest a potential upside of 102.03% from the stock’s previous close.

A number of other equities analysts also recently issued reports on ELF. B. Riley assumed coverage on shares of e.l.f. Beauty in a research note on Tuesday. They issued a “buy” rating and a $175.00 price target for the company. JPMorgan Chase & Co. decreased their target price on e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Truist Financial lifted their price target on e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. UBS Group decreased their price objective on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Canaccord Genuity Group boosted their target price on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $211.00.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $110.38 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. e.l.f. Beauty has a fifty-two week low of $88.47 and a fifty-two week high of $221.83. The firm has a market cap of $6.22 billion, a P/E ratio of 49.72, a P/E/G ratio of 2.55 and a beta of 1.45. The business’s 50 day moving average price is $168.12 and its 200-day moving average price is $179.35.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.20. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. The business had revenue of $324.48 million for the quarter, compared to analysts’ expectations of $303.60 million. On average, equities research analysts anticipate that e.l.f. Beauty will post 2.88 earnings per share for the current year.

Insider Activity

In other e.l.f. Beauty news, CEO Tarang Amin sold 15,386 shares of e.l.f. Beauty stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the completion of the sale, the chief executive officer now owns 171,329 shares of the company’s stock, valued at approximately $34,411,429.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 15,386 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the transaction, the chief executive officer now owns 171,329 shares in the company, valued at approximately $34,411,429.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the sale, the senior vice president now directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Insiders have sold a total of 19,304 shares of company stock worth $3,864,492 over the last 90 days. 5.20% of the stock is currently owned by insiders.

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

A number of large investors have recently added to or reduced their stakes in ELF. Precision Wealth Strategies LLC purchased a new position in e.l.f. Beauty in the fourth quarter worth about $254,000. Principal Securities Inc. bought a new stake in e.l.f. Beauty during the fourth quarter valued at approximately $117,000. QRG Capital Management Inc. increased its holdings in e.l.f. Beauty by 10.4% during the fourth quarter. QRG Capital Management Inc. now owns 3,025 shares of the company’s stock valued at $437,000 after buying an additional 284 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in e.l.f. Beauty by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 952,863 shares of the company’s stock valued at $137,538,000 after buying an additional 7,999 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of e.l.f. Beauty by 28.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,310 shares of the company’s stock worth $622,000 after acquiring an additional 952 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

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.