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

Key Points

• e.l.f. Beauty has received a "hold (c)" rating from Weiss Ratings, despite some analysts upgrading their price targets and issuing "buy" ratings.
• Analysts have raised their price objectives significantly, with Goldman Sachs increasing theirs from $137 to $155, and a consensus average target price now at $142.73.
• In the last 90 days, insiders have sold a total of 301,060 shares, with significant transactions occurring from key executives, indicating potential changes in management sentiment.

e.l.f. Beauty (NYSE:ELF - Get Free Report)'s stock had its "hold (c)" rating reiterated by Weiss Ratings in a report released on Friday,Weiss Ratings reports.

A number of other research analysts have also commented on ELF. The Goldman Sachs Group raised their price objective on shares of e.l.f. Beauty from $137.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. UBS Group raised their price objective on shares of e.l.f. Beauty from $112.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. Piper Sandler reiterated an "overweight" rating on shares of e.l.f. Beauty in a research note on Wednesday. B. Riley raised their price objective on shares of e.l.f. Beauty from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Finally, Raymond James Financial raised their price objective on shares of e.l.f. Beauty from $155.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $142.73.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $122.84 on Friday. The firm's 50 day moving average is $131.82 and its two-hundred day moving average is $109.44. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99. The firm has a market capitalization of $7.29 billion, a P/E ratio of 72.26, a PEG ratio of 2.91 and a beta of 1.57. The company has a current ratio of 3.26, a quick ratio of 2.34 and a debt-to-equity ratio of 0.32.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $348.99 million. During the same quarter last year, the business earned $1.10 earnings per share. e.l.f. Beauty's revenue was up 9.0% compared to the same quarter last year. Analysts anticipate that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Mandy J. Fields sold 55,692 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, September 8th. The shares were 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 in the company, valued at approximately $8,742,907.12. The trade was a 46.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Joshua Allen Franks sold 7,913 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $145.00, for a total transaction of $1,147,385.00. Following the completion of the transaction, the senior vice president owned 99,369 shares in the company, valued at approximately $14,408,505. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 301,060 shares of company stock valued at $40,994,733 in the last 90 days. 3.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Summit Creek Advisors LLC grew its position in e.l.f. Beauty by 14.6% in the third quarter. Summit Creek Advisors LLC now owns 101,453 shares of the company's stock worth $13,440,000 after buying an additional 12,936 shares during the last quarter. New York State Teachers Retirement System grew its position in e.l.f. Beauty by 9.3% in the third quarter. New York State Teachers Retirement System now owns 48,202 shares of the company's stock worth $6,386,000 after buying an additional 4,107 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in e.l.f. Beauty by 2.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 11,908 shares of the company's stock worth $1,578,000 after purchasing an additional 338 shares during the period. SG Americas Securities LLC boosted its stake in e.l.f. Beauty by 146.9% in the 3rd quarter. SG Americas Securities LLC now owns 7,508 shares of the company's stock worth $995,000 after purchasing an additional 4,467 shares during the period. Finally, Tran Capital Management L.P. acquired a new position in e.l.f. Beauty in the 3rd quarter worth approximately $7,436,000. Institutional investors and hedge funds 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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