e.l.f. Beauty (NYSE:ELF) Stock Rating Reaffirmed by DA Davidson

e.l.f. Beauty (NYSE:ELF - Get Free Report)'s stock had its "buy" rating restated by equities researchers at DA Davidson in a report issued on Monday, Benzinga reports. They currently have a $220.00 price objective on the stock. DA Davidson's price objective points to a potential upside of 32.80% from the stock's previous close.

Several other research analysts have also recently commented on ELF. Piper Sandler reiterated an "overweight" rating and issued a $225.00 price target on shares of e.l.f. Beauty in a research note on Wednesday, April 3rd. Robert W. Baird started coverage on e.l.f. Beauty in a research note on Tuesday, January 30th. They issued a "neutral" rating and a $185.00 price target on the stock. Truist Financial boosted their price target on e.l.f. Beauty from $150.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. Raymond James boosted their price target on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a "strong-buy" rating in a research note on Monday, January 22nd. Finally, Morgan Stanley boosted their price objective on e.l.f. Beauty from $168.00 to $184.00 and gave the company an "equal weight" rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $186.58.

e.l.f. Beauty Trading Up 2.7 %

ELF stock traded up $4.28 during trading on Monday, reaching $165.66. 1,322,679 shares of the stock traded hands, compared to its average volume of 1,551,186. The business's 50 day moving average price is $186.53 and its 200-day moving average price is $145.47. e.l.f. Beauty has a 52-week low of $81.01 and a 52-week high of $221.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The firm has a market capitalization of $9.20 billion, a PE ratio of 74.47, a P/E/G ratio of 1.50 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.11. The company had revenue of $270.94 million for the quarter, compared to analysts' expectations of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. As a group, sell-side analysts forecast that e.l.f. Beauty will post 2.49 earnings per share for the current year.

Insider Activity

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 transaction of $4,677,693.91. Following the transaction, the chief executive officer now directly owns 10,889 shares in the company, valued at approximately $2,165,713.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.20% of the stock is owned by insiders.

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

Hedge funds have recently modified their holdings of the stock. FMR LLC grew its holdings in shares of e.l.f. Beauty by 641.2% during the third quarter. FMR LLC now owns 832,404 shares of the company's stock valued at $91,423,000 after buying an additional 720,098 shares in the last quarter. First Dallas Securities Inc. purchased a new position in shares of e.l.f. Beauty during the third quarter valued at $3,569,000. State of Alaska Department of Revenue grew its holdings in shares of e.l.f. Beauty by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company's stock valued at $4,906,000 after buying an additional 85 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of e.l.f. Beauty by 58.2% during the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company's stock valued at $156,427,000 after buying an additional 523,903 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new position in shares of e.l.f. Beauty during the third quarter valued at $301,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.