elf Beauty, Inc. (NYSE:ELF – Get Rating) – Jefferies Financial Group analysts said in a research note issued to investors on Sunday, January 8, that elf Beauty’s third quarter 2024 We have raised our earnings per share estimate. Jefferies Financial Group analyst A. Helgans expects the company to raise his earnings per share for the current quarter to $0.19, up from his previous estimate of $0.18. I’m here. Jefferies Financial Group shares are rated ‘Hold’. elf Beauty’s current consensus estimate for annual earnings is $0.77 per share. Jefferies Financial Group has released an estimate for elf Beauty’s fiscal 2024 earnings of $0.92 per share.
Several other research analysts have also recently published reports on ELF. Canaccord Genuity Group began covering elf Beauty in a research note on Thursday, November 17th. They issued a “Buy” rating and a firm price target of $63.00. Bank of America assumed coverage of elf beauty in its research report on Wednesday, September 14th. They set a BUY rating and set a company price target of $45.00. JPMorgan Chase & Co. raised its price target for Elf Beauty from $48.00 to $62.00 in a research report on Tuesday, Dec. 13, giving the company an “overweight” rating. Stanley raised elf Beauty’s price target from $50.00 to $60.00 in a research report on Monday, Dec. 19, giving the company an “Overweight” rating. Finally, DA Davidson raised his price target for elf Beauty from his $44.00 to his $54.00, giving the company a “buy” rating in a research report on Thursday, Nov. 3. Four analysts rated the stock with a hold rating and ten analysts gave the company a buy rating. According to MarketBeat, the stock has a consensus rating of “moderate buy” with an average target price of $53.00.
Elf Beauty Trading Down 3.9%
NYSE:ELF shares opened at $55.76 on Tuesday. elf Beauty has a 52-week low of $20.49 and a 52-week high of $58.76. The stock has a market cap of $2.95 billion, a price/earnings ratio of 88.51, a PEG ratio of 2.81, and a beta of 1.54. The company has a quick ratio of 2.31, a current ratio of 3.44 and a debt to equity ratio of 0.25. His 50-day moving average price for this business is $53.55 and his 200-day moving average price is $42.64.
elf Beauty (NYSE:ELF – Get Rating) last reported quarterly results on Wednesday, November 2nd. The company reported EPS of $0.22 for the quarter, beating analyst consensus expectations of $0.10 by $0.12. elf Beauty had a return on equity of 11.83% and a net profit margin of 7.57%. The company posted revenue of $122.35 million for the quarter, compared with analysts’ forecast of $106.29 million.
Elf Beauty Institutional Trading
Institutional investors have recently changed positions in the company. Optimum Investment Advisors acquired a new stake in elf Beauty worth approximately $55,000 in the fourth quarter. Covestor Ltd raised 8,340.0% of his stake in elf Beauty in the first quarter. Covestor Ltd now owns 1,266 of his shares worth $33,000 after purchasing an additional 1,251 of his shares during this period. Counterpoint Mutual Funds LLC purchased $110,000 worth of new elf Beauty stock in the third quarter. BI Asset Management Fondsmaeglerselskab AS purchased new shares in elf Beauty worth $117,000 in the third quarter. Finally, KBC Group NV purchased new shares in elf Beauty worth $120,000 in the second quarter. 95.14% of the shares are owned by institutional investors and hedge funds.
Insider trading at elf Beauty
In another elf Beauty news, SVP Joshua Allen Franks sold 1,957 shares of the company’s stock in a transaction that took place on Tuesday, October 18th. The shares sold at an average price of $42.24, giving him a total of $82,663.68. After the sale, the Senior Vice President now directly owns 114,277 shares of the Company’s stock valued at $4,827,060.48. The sale is disclosed in filings with the SEC, which can be accessed on his website. In other news, CEO Tarang Amin sold 4,166 shares in elf Beauty in a transaction that took place on Monday, October 17th. The shares were sold at an average price of $40.97, giving him a total of $170,681.02. After the sale, the CEO now directly owns 366,088 shares of the company’s stock valued at $14,998,625.36. The sale was disclosed in filings with the Securities and Exchange Commission, which can be accessed via this hyperlink. SVP Joshua Allen Franks also sold 1,957 elf Beauty shares in a transaction that took place on Tuesday, October 18th. The shares sold at an average price of $42.24, giving him a total of $82,663.68. Following the closing of the sale, the Senior Vice President now directly owns his 114,277 shares of the company, valued at $4,827,060.48. Please see here for the disclosure of this sale. In the past three months, the insider has sold 149,199 shares of his company stock worth $7,209,016. A company insider owns his 8.20% of the company’s shares.
About Elf Beauty
(get rating)
elf Beauty, Inc, along with its subsidiaries, offers cosmetic and skin care products worldwide under the brand names elf Cosmetics, elf Skin, Well People, and Keys Soulcare. The company offers eye, lip, facial, face, foot, and skin care products. The Company sells its products through domestic and international retailers and direct-to-consumer channels, including e-commerce platforms in the United States, and primarily through distributors internationally.
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