e.l.f. Beauty, Inc. (NYSE:ELF) Receives $117.41 Consensus PT from Analysts

Shares of e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eighteen ratings firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $116.88.

Several analysts recently issued reports on ELF shares. B. Riley reaffirmed a "buy" rating and issued a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Truist Financial cut their target price on shares of 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. JPMorgan Chase & Co. decreased their price target on e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. The Goldman Sachs Group cut their price objective 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. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $70.00 target price (down previously from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th.

e.l.f. Beauty Stock Up 0.6 %

e.l.f. Beauty stock traded up $0.34 during trading on Tuesday, reaching $62.21. 1,891,557 shares of the company's stock were exchanged, compared to its average volume of 2,350,524. The company's 50-day moving average is $61.75 and its two-hundred day moving average is $96.67. 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 52-week low of $49.40 and a 52-week high of $219.77. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 6.76 and a beta of 1.41.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. On average, analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insider Activity

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the sale, the director now directly owns 1,888 shares of the company's stock, valued at $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Tarang Amin sold 97,915 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 181,289 shares of the company's stock, valued at $9,673,581.04. This represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 204,618 shares of company stock worth $10,974,536 over the last 90 days. 3.50% of the stock is owned by company insiders.

Institutional Trading of e.l.f. Beauty

Several large investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of e.l.f. Beauty in the third quarter worth $25,000. Nemes Rush Group LLC acquired a new position in e.l.f. Beauty during the 4th quarter valued at $27,000. Orion Capital Management LLC acquired a new position in e.l.f. Beauty during the 4th quarter valued at $30,000. Promus Capital LLC acquired a new position in e.l.f. Beauty during the 4th quarter valued at $31,000. Finally, Kestra Investment Management LLC acquired a new position in e.l.f. Beauty during the 4th quarter valued at $32,000. 92.44% of the stock is owned by institutional investors.

About e.l.f. Beauty

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.