Brokerages Set e.l.f. Beauty, Inc. (NYSE:ELF) PT at $173.53

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have earned a consensus recommendation of “Buy” from the sixteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $173.53.

A number of research firms have recently weighed in on ELF. Truist Financial lowered their price target on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Robert W. Baird lowered their price target on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. UBS Group lowered their price target on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 9th. Canaccord Genuity Group lowered their price target on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, TD Cowen lowered their price target on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 12th.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the sale, the director now owns 1,888 shares of the company’s stock, valued at $245,440. This trade represents a 29.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On e.l.f. Beauty

A number of hedge funds have recently bought and sold shares of ELF. Baillie Gifford & Co. acquired a new stake in shares of e.l.f. Beauty during the 2nd quarter worth about $801,693,000. Champlain Investment Partners LLC acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter worth about $121,558,000. Swedbank AB acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter worth about $76,321,000. Clearbridge Investments LLC raised its position in shares of e.l.f. Beauty by 84.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after acquiring an additional 576,383 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of e.l.f. Beauty by 223.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after acquiring an additional 383,478 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Up 7.1 %

Shares of NYSE:ELF opened at $136.42 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average of $114.89 and a two-hundred day moving average of $150.81. The stock has a market cap of $7.68 billion, a P/E ratio of 73.74, a PEG ratio of 2.86 and a beta of 1.49. e.l.f. Beauty has a 52-week low of $98.50 and a 52-week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.34. The company had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. On average, research analysts expect that e.l.f. Beauty will post 2.8 earnings per share for the current year.

About e.l.f. Beauty

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.