e.l.f. Beauty (NYSE:ELF) Earns “Neutral” Rating from DA Davidson

e.l.f. Beauty (NYSE:ELF)‘s stock had its “neutral” rating restated by analysts at DA Davidson in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $80.00 price target on the stock. DA Davidson’s target price indicates a potential upside of 9.63% from the company’s previous close.

ELF has been the subject of several other research reports. Piper Sandler decreased their price objective on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Canaccord Genuity Group decreased their price objective on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 7th. Jefferies Financial Group decreased their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Raymond James decreased their price objective on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average target price of $134.00.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $72.97 on Tuesday. The stock has a 50-day moving average of $115.31 and a two-hundred day moving average of $123.09. e.l.f. Beauty has a one year low of $63.50 and a one year high of $221.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The stock has a market cap of $4.11 billion, a P/E ratio of 43.18, a P/E/G ratio of 1.54 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 17.35% and a net margin of 7.55%. As a group, research analysts predict that e.l.f. Beauty will post 2.8 EPS for the current year.

Insider Activity

In related news, insider Scott Milsten sold 530 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the transaction, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 over the last ninety days. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Nemes Rush Group LLC acquired a new position in e.l.f. Beauty in the fourth quarter valued at approximately $27,000. Wilmington Savings Fund Society FSB acquired a new position in e.l.f. Beauty in the third quarter valued at approximately $25,000. Orion Capital Management LLC acquired a new position in e.l.f. Beauty in the fourth quarter valued at approximately $30,000. Promus Capital LLC acquired a new position in e.l.f. Beauty in the fourth quarter valued at approximately $31,000. Finally, Kestra Investment Management LLC acquired a new position in e.l.f. Beauty in the fourth quarter valued at approximately $32,000. 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 is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.