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

Key Points

• e.l.f. Beauty has received an average rating of "Moderate Buy" from analysts, with five holding and ten buying recommendations among the sixteen covering the company.
• The average one-year price target for e.l.f. Beauty's stock is $123.94, with notable targets set by analysts including B. Riley's increase to $150.00 and Morgan Stanley's raise to $105.00.
• The company posted $0.78 earnings per share for the recent quarter, exceeding the consensus estimate of $0.72, and reported a revenue of $332.65 million, a 3.6% increase year-over-year.

e.l.f. Beauty (NYSE:ELF - Get Free Report) has earned an average rating of "Moderate Buy" from the sixteen analysts that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $123.9375.

ELF has been the subject of several research reports. B. Riley reiterated a "buy" rating and issued a $150.00 target price (up previously from $110.00) on shares of e.l.f. Beauty in a report on Friday, June 13th. Morgan Stanley raised their price target on e.l.f. Beauty from $70.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Jefferies Financial Group set a $115.00 price objective on e.l.f. Beauty and gave the company a "buy" rating in a report on Thursday, May 29th. UBS Group raised their target price on e.l.f. Beauty from $95.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Finally, Truist Financial boosted their price target on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, June 6th.

Insider Buying and Selling

In other news, 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 transaction of $175,944.56. Following the completion of the transaction, the senior vice president directly owned 120,471 shares of the company's stock, valued at approximately $14,168,594.31. This represents a 1.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tarang Amin sold 2,405 shares of the firm'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 $282,852.05. Following the sale, the chief executive officer directly owned 186,586 shares in the company, valued at $21,944,379.46. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 126,589 shares of company stock valued at $14,547,949 over the last 90 days. 3.90% of the stock is currently owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. increased its position in shares of e.l.f. Beauty by 38.2% during the first quarter. Summit Investment Advisors Inc. now owns 29,688 shares of the company's stock worth $1,864,000 after purchasing an additional 8,205 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at about $216,000. Summit Creek Advisors LLC grew its stake in e.l.f. Beauty by 48.0% during the 2nd quarter. Summit Creek Advisors LLC now owns 88,517 shares of the company's stock worth $11,015,000 after buying an additional 28,718 shares during the last quarter. Cetera Trust Company N.A grew its stake in e.l.f. Beauty by 244.1% during the 2nd quarter. Cetera Trust Company N.A now owns 585 shares of the company's stock worth $73,000 after buying an additional 415 shares during the last quarter. Finally, EFG Asset Management North America Corp. increased its position in e.l.f. Beauty by 69.6% during the second quarter. EFG Asset Management North America Corp. now owns 35,304 shares of the company's stock worth $4,396,000 after buying an additional 14,492 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

e.l.f. Beauty Price Performance

ELF stock opened at $110.33 on Thursday. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $190.38. The company has a quick ratio of 2.00, a current ratio of 3.05 and a debt-to-equity ratio of 0.34. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 57.17, a price-to-earnings-growth ratio of 2.62 and a beta of 1.57. The business has a fifty day moving average of $118.70 and a two-hundred day moving average of $88.49.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its 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 net margin of 8.53% and a return on equity of 17.98%. The company had revenue of $332.65 million during the quarter, compared to analyst estimates of $327.45 million. During the same quarter last year, the firm posted $0.53 earnings per share. e.l.f. Beauty's revenue was up 3.6% compared to the same quarter last year. As a group, research analysts anticipate that e.l.f. Beauty will post 2.38 earnings per share for the current year.

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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