e.l.f. Beauty (NYSE:ELF) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• e.l.f. Beauty's stock received a "hold (c)" rating from Weiss Ratings, while Goldman Sachs raised its target price to $155, reflecting mixed sentiments from analysts.
• The company's shares experienced a 3.2% increase, trading at $145.11 with a market capitalization of $8.61 billion and a notable 12-month price range of $49.40 to $150.99.
• e.l.f. Beauty reported a quarterly earnings EPS of $0.89, surpassing estimates, with a year-over-year revenue growth of 9%, amounting to $353.74 million.

e.l.f. Beauty (NYSE:ELF - Get Free Report)'s stock had its "hold (c)" rating restated by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other research analysts have also recently commented on ELF. The Goldman Sachs Group raised their target price on e.l.f. Beauty from $137.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Canaccord Genuity Group set a $165.00 target price on e.l.f. Beauty in a research note on Tuesday, September 9th. JPMorgan Chase & Co. lowered their price objective on e.l.f. Beauty from $132.00 to $130.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Morgan Stanley lifted their price objective on e.l.f. Beauty from $134.00 to $170.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Piper Sandler assumed coverage on e.l.f. Beauty in a research report on Thursday, September 4th. They set an "overweight" rating and a $150.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of "Moderate Buy" and a consensus price target of $139.53.

e.l.f. Beauty Stock Up 3.2%

Shares of NYSE ELF traded up $4.51 during mid-day trading on Wednesday, reaching $145.11. The company had a trading volume of 1,422,196 shares, compared to its average volume of 1,523,726. The stock has a fifty day moving average of $127.65 and a two-hundred day moving average of $103.66. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.34 and a current ratio of 3.26. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of 85.36, a PEG ratio of 3.26 and a beta of 1.57. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $150.99.

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

Insider Activity at e.l.f. Beauty

In related news, insider Mandy J. Fields sold 5,298 shares of the business's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $150.21, for a total transaction of $795,812.58. Following the sale, the insider directly owned 58,856 shares in the company, valued at approximately $8,840,759.76. The trade was a 8.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kory Marchisotto sold 10,812 shares of the company's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $150.00, for a total value of $1,621,800.00. Following the completion of the transaction, the insider owned 133,976 shares in the company, valued at $20,096,400. This represents a 7.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 301,060 shares of company stock worth $40,994,733 in the last 90 days. 3.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company's stock valued at $32,000 after purchasing an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company's stock valued at $39,000 after buying an additional 117 shares during the last quarter. MAI Capital Management raised its stake in e.l.f. Beauty by 129.1% during the second quarter. MAI Capital Management now owns 394 shares of the company's stock valued at $49,000 after buying an additional 222 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in e.l.f. Beauty during the second quarter valued at $49,000. Finally, Huntington National Bank raised its stake in e.l.f. Beauty by 133.3% during the second quarter. Huntington National Bank now owns 427 shares of the company's stock valued at $53,000 after buying an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

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.

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