DA Davidson reiterated their buy rating on shares of e.l.f. Beauty (NYSE:ELF – Free Report) in a research report sent to investors on Monday, Benzinga reports. DA Davidson currently has a $220.00 price target on the stock.
A number of other analysts also recently issued reports on the company. Raymond James lifted their price objective on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a strong-buy rating in a research note on Monday, January 22nd. Robert W. Baird started coverage on e.l.f. Beauty in a research note on Tuesday, January 30th. They issued a neutral rating and a $185.00 price objective on the stock. Piper Sandler reaffirmed an overweight rating and issued a $225.00 price objective on shares of e.l.f. Beauty in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. lifted their target price on e.l.f. Beauty from $130.00 to $175.00 and gave the stock an overweight rating in a report on Thursday, January 18th. Finally, Stifel Nicolaus lifted their target price on e.l.f. Beauty from $141.00 to $167.00 and gave the stock a hold rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, e.l.f. Beauty currently has an average rating of Moderate Buy and a consensus target price of $186.58.
Check Out Our Latest Analysis on e.l.f. Beauty
e.l.f. Beauty Stock Up 2.7 %
Shares of ELF opened at $165.66 on Monday. The business’s 50 day moving average is $186.66 and its 200 day moving average is $145.89. The company has a market capitalization of $9.20 billion, a PE ratio of 73.30, a price-to-earnings-growth ratio of 1.50 and a beta of 1.57. e.l.f. Beauty has a 12-month low of $81.01 and a 12-month high of $221.83. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27.
e.l.f. Beauty (NYSE:ELF – Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. The business had revenue of $270.94 million for the quarter, compared to the consensus estimate of $239.66 million. Research analysts expect that e.l.f. Beauty will post 2.49 earnings per share for the current fiscal year.
Insider Activity at e.l.f. Beauty
In related news, CEO Tarang Amin sold 23,519 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the completion of the transaction, the chief executive officer now owns 10,889 shares in the company, valued at approximately $2,165,713.21. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.20% of the stock is owned by company insiders.
Hedge Funds Weigh In On e.l.f. Beauty
A number of large investors have recently bought and sold shares of ELF. Advisor Group Holdings Inc. grew its position in shares of e.l.f. Beauty by 7.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock worth $174,000 after buying an additional 476 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of e.l.f. Beauty by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 428,775 shares of the company’s stock worth $11,076,000 after buying an additional 4,476 shares in the last quarter. Citigroup Inc. grew its position in shares of e.l.f. Beauty by 12.4% during the 1st quarter. Citigroup Inc. now owns 41,711 shares of the company’s stock worth $1,077,000 after buying an additional 4,617 shares in the last quarter. AlphaCrest Capital Management LLC bought a new position in shares of e.l.f. Beauty during the 1st quarter worth $342,000. Finally, MetLife Investment Management LLC grew its position in shares of e.l.f. Beauty by 53.3% during the 1st quarter. MetLife Investment Management LLC now owns 26,424 shares of the company’s stock worth $683,000 after buying an additional 9,189 shares in the last quarter. Hedge funds and other institutional investors 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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