DA Davidson Reaffirms “Buy” Rating for e.l.f. Beauty (NYSE:ELF)

DA Davidson reissued their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a research report released on Tuesday, Benzinga reports. They currently have a $223.00 target price on the stock.

A number of other analysts have also issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of e.l.f. Beauty from $207.00 to $167.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Stifel Nicolaus boosted their price target on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. Canaccord Genuity Group boosted their price target on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. UBS Group lowered their price objective on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Canaccord Genuity Group boosted their price objective on e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.21.

e.l.f. Beauty Stock Up 0.2 %

Shares of ELF opened at $108.19 on Tuesday. The firm has a market cap of $6.05 billion, a P/E ratio of 48.73, a price-to-earnings-growth ratio of 2.19 and a beta of 1.43. e.l.f. Beauty has a 12-month low of $88.47 and a 12-month high of $221.83. The company’s 50-day moving average price is $126.68 and its 200 day moving average price is $161.81. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.20. The firm had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. On average, sell-side analysts forecast that e.l.f. Beauty will post 2.88 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 548 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the transaction, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at $37,538,725. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

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

Several large investors have recently modified their holdings of ELF. Baillie Gifford & Co. acquired a new stake in shares of e.l.f. Beauty in the second quarter valued at approximately $801,693,000. Swedbank AB acquired a new stake in shares of e.l.f. Beauty in the third quarter valued at approximately $76,321,000. Clearbridge Investments LLC acquired a new stake in shares of e.l.f. Beauty in the first quarter valued at approximately $133,940,000. 1832 Asset Management L.P. acquired a new stake in shares of e.l.f. Beauty in the first quarter valued at approximately $61,299,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of e.l.f. Beauty by 81.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 468,670 shares of the company’s stock valued at $98,758,000 after acquiring an additional 210,873 shares during the period. 92.44% of the stock is 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.