e.l.f. Beauty (NYSE:ELF) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

e.l.f. Beauty (NYSE:ELF – Get Free Report) has earned an average rating of “Moderate Buy” from the eighteen research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $112.06.

Several research analysts recently commented on the company. Jefferies Financial Group boosted their target price on e.l.f. Beauty from $100.00 to $132.00 and gave the stock a “buy” rating in a research note on Monday, October 19th. Zacks Research raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Friday, October 9th. Robert W. Baird increased their price objective on shares of e.l.f. Beauty from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 7th. TD Cowen started coverage on shares of e.l.f. Beauty in a report on Friday, October 30th. They issued a “strong-buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $105.00 price objective on shares of e.l.f. Beauty in a research report on Wednesday, October 21st.

Check Out Our Latest Report on ELF

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Lauren Levitan sold 1,034 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total value of $96,317.10. Following the sale, the director directly owned 10,516 shares in the company, valued at $979,565.40. This trade represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joshua Franks sold 8,366 shares of e.l.f. Beauty stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $110.01, for a total value of $920,343.66. Following the sale, the senior vice president directly owned 126,931 shares of the company’s stock, valued at $13,963,679.31. This trade represents a 6.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 91,821 shares of company stock worth $9,624,513. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Several institutional investors have recently modified their holdings of the stock. Park Avenue Securities LLC lifted its position in e.l.f. Beauty by 1.4% in the third quarter. Park Avenue Securities LLC now owns 6,327 shares of the company’s stock valued at $639,000 after acquiring an additional 89 shares during the last quarter. Greenwood Capital Associates LLC boosted its stake in e.l.f. Beauty by 2.4% in the second quarter. Greenwood Capital Associates LLC now owns 5,436 shares of the company’s stock valued at $402,000 after acquiring an additional 125 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of e.l.f. Beauty by 64.5% during the third quarter. SBI Securities Co. Ltd. now owns 334 shares of the company’s stock worth $34,000 after purchasing an additional 131 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of e.l.f. Beauty by 3.3% during the third quarter. Quadrant Capital Group LLC now owns 6,196 shares of the company’s stock worth $670,000 after purchasing an additional 197 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of e.l.f. Beauty by 1.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 12,108 shares of the company’s stock worth $734,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Key Stories Impacting e.l.f. Beauty

Here are the key news stories impacting e.l.f. Beauty this week:

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $113.97 on Friday. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $122.36. The stock has a market capitalization of $6.72 billion, a PE ratio of 113.97, a P/E/G ratio of 2.93 and a beta of 1.61. The firm has a 50 day moving average of $106.01 and a two-hundred day moving average of $81.94.

e.l.f. Beauty (NYSE:ELF – Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.60 by $0.61. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The business had revenue of $520.82 million during the quarter, compared to the consensus estimate of $473.51 million. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company’s quarterly revenue was up 51.4% compared to the same quarter last year. On average, research analysts predict that e.l.f. Beauty will post 2.69 EPS for the current fiscal year.

e.l.f. Beauty Company Profile

(Get Free Report)

e.l.f. Beauty, Inc is a cosmetics and skincare company that develops, markets and sells beauty products under a portfolio of brands. Its offerings include makeup, skin care, hair care and other personal-care products designed to provide accessible, trend-focused beauty options across a range of categories.

The company’s portfolio includes e.l.f. Cosmetics, Well People, Keys Soulcare and Naturium. Its products are sold through mass retailers, specialty beauty stores, e-commerce platforms and the brands’ direct-to-consumer websites.

See Also

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

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