e.l.f. Beauty (NYSE:ELF) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• e.l.f. Beauty (NYSE:ELF) has received a consensus rating of "Moderate Buy" from 16 brokerages, with an average price target of $142.73.
• Recently, multiple analysts have raised their price targets for e.l.f. Beauty, including Goldman Sachs increasing it from $137.00 to $155.00 and UBS from $112.00 to $150.00.
• e.l.f. Beauty reported earnings of $0.89 per share for its last quarter, exceeding analyst expectations and showing a 9% year-over-year revenue increase.

Shares of e.l.f. Beauty (NYSE:ELF - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the sixteen brokerages that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $142.7333.

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of e.l.f. Beauty from $137.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of e.l.f. Beauty in a research report on Wednesday, October 8th. Canaccord Genuity Group set a $165.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft downgraded e.l.f. Beauty from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $121.00 to $128.00 in a research report on Tuesday, September 2nd. Finally, UBS Group lifted their price objective on e.l.f. Beauty from $112.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, October 8th.

e.l.f. Beauty Price Performance

ELF stock opened at $127.62 on Tuesday. The firm has a 50 day moving average of $131.38 and a 200-day moving average of $108.22. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $150.99. The company has a current ratio of 3.26, a quick ratio of 2.34 and a debt-to-equity ratio of 0.32. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 75.07, a PEG ratio of 3.17 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The company had revenue of $353.74 million during the quarter, compared to the consensus estimate of $348.99 million. During the same period last year, the firm earned $1.10 EPS. The company's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities analysts expect that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insider Activity

In related news, CEO Tarang Amin sold 116,315 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $132.24, for a total transaction of $15,381,495.60. Following the completion of the transaction, the chief executive officer directly owned 81,818 shares in the company, valued at $10,819,612.32. The trade was a 58.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mandy J. Fields sold 55,692 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $136.28, for a total value of $7,589,705.76. Following the transaction, the insider owned 64,154 shares of the company's stock, valued at $8,742,907.12. This represents a 46.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 301,060 shares of company stock worth $40,994,733. 3.90% of the stock is owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company's stock worth $32,000 after acquiring an additional 128 shares during the period. Golden State Wealth Management LLC purchased a new stake in e.l.f. Beauty in the 1st quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. grew its stake in e.l.f. Beauty by 58.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company's stock worth $39,000 after acquiring an additional 117 shares during the period. Larson Financial Group LLC grew its stake in e.l.f. Beauty by 56.5% in the 1st quarter. Larson Financial Group LLC now owns 676 shares of the company's stock worth $42,000 after acquiring an additional 244 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in e.l.f. Beauty by 577.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 759 shares of the company's stock worth $49,000 after acquiring an additional 647 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.

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