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

Shares of e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twelve research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $184.33.

ELF has been the subject of several recent research reports. Bank of America increased their price target on e.l.f. Beauty from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. Stifel Nicolaus raised their price objective on e.l.f. Beauty from $141.00 to $167.00 and gave the company a "hold" rating in a research report on Wednesday, February 7th. Truist Financial raised their price objective on e.l.f. Beauty from $150.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, February 7th. Raymond James raised their price objective on e.l.f. Beauty from $140.00 to $180.00 and gave the company a "strong-buy" rating in a research report on Monday, January 22nd. Finally, DA Davidson reaffirmed a "buy" rating and issued a $220.00 price objective on shares of e.l.f. Beauty in a research report on Monday, April 8th.

Insiders Place Their Bets

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 727 shares of the firm's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the transaction, the senior vice president now owns 83,736 shares in the company, valued at approximately $13,829,837.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the transaction, the chief executive officer now owns 10,889 shares in the company, valued at approximately $2,165,713.21. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joshua Allen Franks sold 727 shares of e.l.f. Beauty stock in a transaction on Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the transaction, the senior vice president now owns 83,736 shares in the company, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. Insiders have sold a total of 31,078 shares of company stock worth $5,908,853 in the last 90 days. Company insiders own 5.20% of the company's stock.

Hedge Funds Weigh In On e.l.f. Beauty

Several hedge funds and other institutional investors have recently modified their holdings of ELF. Advisor Group Holdings Inc. increased its stake in shares of e.l.f. Beauty by 7.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company's stock valued at $174,000 after purchasing an additional 476 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of e.l.f. Beauty by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 428,775 shares of the company's stock valued at $11,076,000 after acquiring an additional 4,476 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of e.l.f. Beauty by 12.4% during the 1st quarter. Citigroup Inc. now owns 41,711 shares of the company's stock valued at $1,077,000 after acquiring an additional 4,617 shares in the last quarter. AlphaCrest Capital Management LLC acquired a new stake in shares of e.l.f. Beauty during the 1st quarter valued at $342,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of e.l.f. Beauty by 53.3% during the 1st quarter. MetLife Investment Management LLC now owns 26,424 shares of the company's stock valued at $683,000 after acquiring an additional 9,189 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Stock Down 6.4 %

NYSE ELF traded down $10.78 during trading hours on Friday, hitting $156.73. 2,661,299 shares of the company traded hands, compared to its average volume of 1,564,087. The business's 50-day moving average is $186.62 and its 200-day moving average is $148.57. e.l.f. Beauty has a twelve month low of $83.80 and a twelve month high of $221.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 69.59, a P/E/G ratio of 1.54 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.47 by $0.11. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. The firm had revenue of $270.94 million during the quarter, compared to analysts' expectations of $239.66 million. Sell-side analysts anticipate that e.l.f. Beauty will post 2.5 earnings per share for the current year.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.