e.l.f. Beauty (NYSE:ELF) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of e.l.f. Beauty (NYSE:ELF - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seventeen ratings firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $121.13.

ELF has been the subject of several recent research reports. Piper Sandler reiterated an "overweight" rating and set a $109.00 price target (up from $81.00) on shares of e.l.f. Beauty in a research report on Thursday, May 29th. Truist Financial lifted their price target on e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, June 6th. DA Davidson reduced their price target on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Raymond James Financial boosted their price objective on e.l.f. Beauty from $95.00 to $105.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Finally, UBS Group boosted their price objective on e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, May 21st.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $110.10 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.00 and a current ratio of 3.05. The company has a market cap of $6.25 billion, a PE ratio of 57.05, a P/E/G ratio of 2.60 and a beta of 1.52. The business has a 50-day simple moving average of $105.57 and a two-hundred day simple moving average of $89.95. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $210.88.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The business had revenue of $332.65 million during the quarter, compared to the consensus estimate of $327.45 million. During the same quarter last year, the company earned $0.53 earnings per share. The company's quarterly revenue was up 3.6% 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 Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 2,405 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $117.61, for a total value of $282,852.05. Following the sale, the chief executive officer owned 186,586 shares in the company, valued at approximately $21,944,379.46. The trade was a 1.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joshua Allen Franks sold 1,496 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $117.61, for a total value of $175,944.56. Following the sale, the senior vice president owned 120,471 shares in the company, valued at approximately $14,168,594.31. This trade represents a 1.23% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 327,207 shares of company stock worth $25,252,926. 3.50% of the stock is owned by corporate insiders.

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

Several large investors have recently bought and sold shares of ELF. Champlain Investment Partners LLC increased its holdings in e.l.f. Beauty by 99.7% during the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after purchasing an additional 1,111,550 shares during the period. William Blair Investment Management LLC lifted its position in shares of e.l.f. Beauty by 40.9% during the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock worth $289,437,000 after buying an additional 669,321 shares during the last quarter. Aspex Management HK Ltd purchased a new stake in shares of e.l.f. Beauty during the 4th quarter worth approximately $73,576,000. Prime Capital Management Co Ltd boosted its position in shares of e.l.f. Beauty by 167.8% in the 1st quarter. Prime Capital Management Co Ltd now owns 604,535 shares of the company's stock valued at $37,959,000 after purchasing an additional 378,826 shares during the period. Finally, AXA S.A. boosted its position in shares of e.l.f. Beauty by 2,074.4% in the 4th quarter. AXA S.A. now owns 394,005 shares of the company's stock valued at $49,467,000 after purchasing an additional 375,885 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.