elf Beauty, Inc. (NYSE:ELF – Get Rating) has an average rating of “Moderate Buy” from 16 analysts currently covering the company, MarketBeat.com reports. Five equity research analysts rated the stock with a hold rating and nine assigned a buy rating to the company. Brokers that issued stock ratings last year have an average one-year price target of $54.18.
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Several brokerage firms have recently commented on the ELF. Stifel Nicolaus raised his elf Beauty stock price target to $50.00 from his $43.00, giving the company a “pending” rating in a research note Tuesday. Jefferies Financial Group downgraded elf Beauty from ‘buy’ to ‘hold’ and set a price target of $55.00. In an investigative report on Monday, January 9th. DA Davidson has raised elf Beauty’s price target from his $44.00 to $54.00, giving the company a “buy” rating in a research note on Thursday, Nov. 3. JPMorgan Chase & Co. raised its price target on Elf Beauty shares from $62.00 to $65.00, giving it an “overweight” rating in its research report on Friday, January 13. Finally, Raymond James said: It raised its price target for elf Beauty from $46.00 to $50.00, giving the company an “Outperform” rating in its research report on Thursday, November 3rd.
insider trading
In related news, CEO Tarang Amin sold 100,000 shares of the company in a transaction on Thursday, November 3rd. The shares sold at an average price of $46.01 for a total of $4,601,000.00. After the sale, the CEO now owns directly his 347,496 shares in the company, valued at approximately $15,988,290.96. The sale is disclosed in documents filed with the Securities and Exchange Commission, available at this hyperlink. In other news, insider Scott Milsten sold 55,000 shares of elf Beauty stock in his Monday, January 9 transaction. The shares were sold at an average price of $56.98 for a total of $3,133,900.00. After the transaction, the insider now owns 127,560 shares of the company’s stock valued at $7,268,368.80. The transaction was disclosed in documents filed with the SEC and can be accessed at this link. CEO Tarang Amin also sold 100,000 shares of the company in a transaction on Thursday, November 3rd. The shares were sold at an average price of $46.01, and the transaction totaled him $4,601,000.00. Following the closing of the sale, the Chief Executive Officer now owns directly his 347,496 shares in the company, valued at approximately $15,988,290.96. Please see here for the disclosure of this sale. In the past 90 days, the insider has sold 198,076 shares of his company stock worth $10,089,572. The insider owns his 8.20% of the company’s shares.
Institutional investors value elf beauty
Several institutional investors and hedge funds have recently bought and sold ELF shares. Keybank National Association OH purchased a new position in elf Beauty stock worth approximately $676,000 in the second quarter. Version Fund Management LLC purchased new elf Beauty stock worth approximately $744,000 in the second quarter. SG Americas Securities LLC purchased new elf Beauty stock worth approximately $644,000 in the second quarter. The Alaska Department of Revenue increased its elf Beauty holdings by 8.7% in the second quarter. The Alaska Department of Revenue now owns 36,262 shares of the company worth $1,112,000 after acquiring an additional 2,910 shares last quarter. Finally, Thrivent Financial for Lutherans increased its position in elf Beauty by 2.1% in the second quarter. Thrivent Financial for Lutherans now owns 1,005,519 shares of the company worth $30,849,000 after purchasing an additional 20,600 shares during the previous quarter. Hedge funds and other institutional investors own 95.14% of the company’s shares.
Elf Beauty stock performance
NYSE:ELF shares opened Wednesday at $55.15. The company has a 50-day simple moving average of $54.42 and a 200-day simple moving average of $44.36. The stock has a market cap of $2.92 billion, a price/earnings ratio of 87.54, a price/earnings ratio of 2.61, and a beta of 1.54. elf Beauty has a one-year low of $20.49 and a one-year high of $58.76. The company has a debt to equity ratio of 0.25, a current ratio of 3.44 and a quick ratio of 2.31.
elf Beauty (NYSE:ELF – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company posted his earnings per share of $0.22 for the quarter, $0.12 above consensus expectations of his $0.10. elf Beauty had a return on equity of 11.83% and a net profit margin of 7.57%. The business earned him $122.35 million during the quarter, compared to consensus expectations of $106.29 million. As a group, research analysts expect elf Beauty to post 0.78 EPS for the current financial year.
Elf Beauty Company Profile
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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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