e.l.f. Beauty, Inc. (NYSE:ELF) Receives Average Recommendation of "Moderate Buy" from Brokerages

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eighteen research firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $111.71.

ELF has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price target on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Truist Financial cut their price objective on e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. UBS Group upped their price objective on e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a research note on Wednesday, May 21st. Morgan Stanley upped their price objective on e.l.f. Beauty from $70.00 to $105.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 97,915 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the completion of the transaction, the chief executive officer now directly owns 181,289 shares of the company's stock, valued at approximately $9,673,581.04. This trade represents a 35.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kory Marchisotto sold 51,350 shares of the stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,036.00. Following the transaction, the insider now directly owns 152,492 shares of the company's stock, valued at approximately $8,136,973.12. The trade was a 25.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 204,618 shares of company stock valued at $10,974,536 in the last three months. 3.50% of the stock is currently owned by corporate insiders.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its position in shares of e.l.f. Beauty by 3.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company's stock valued at $361,000 after acquiring an additional 91 shares during the last quarter. Truist Financial Corp lifted its position in shares of e.l.f. Beauty by 1.3% during the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company's stock valued at $990,000 after acquiring an additional 102 shares during the last quarter. Arizona State Retirement System lifted its position in shares of e.l.f. Beauty by 0.8% during the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock valued at $2,055,000 after acquiring an additional 128 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in shares of e.l.f. Beauty by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock valued at $2,967,000 after acquiring an additional 140 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its position in shares of e.l.f. Beauty by 7.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock valued at $262,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

e.l.f. Beauty Stock Up 23.4%

Shares of NYSE:ELF traded up $21.17 during trading on Friday, hitting $111.67. The company's stock had a trading volume of 16,418,634 shares, compared to its average volume of 2,478,819. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The stock's 50-day moving average price is $66.28 and its two-hundred day moving average price is $92.00. The company has a market capitalization of $6.30 billion, a PE ratio of 66.08, a PEG ratio of 6.76 and a beta of 1.31.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. The business had revenue of $332.65 million for the quarter, compared to analysts' expectations of $327.45 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The company's revenue was up 3.6% compared to the same quarter last year. As a group, sell-side analysts expect that e.l.f. Beauty will post 2.38 EPS for the current year.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics 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.