e.l.f. Beauty (NYSE:ELF) had its price target upped by Jefferies Financial Group from $22.00 to $23.00 in a research report sent to investors on Friday morning, BenzingaRatingsTable reports. The firm currently has a buy rating on the stock.
Several other research firms have also issued reports on ELF. Piper Sandler upped their price target on e.l.f. Beauty from $19.00 to $20.00 and gave the company an overweight rating in a research report on Friday, May 22nd. ValuEngine raised e.l.f. Beauty from a sell rating to a hold rating in a research report on Thursday, April 2nd. Zacks Investment Research lowered e.l.f. Beauty from a buy rating to a hold rating in a research report on Friday, April 24th. DA Davidson upped their price target on e.l.f. Beauty from $22.00 to $24.00 and gave the company a buy rating in a research report on Tuesday, July 7th. Finally, Morgan Stanley upped their price target on e.l.f. Beauty from $20.00 to $22.00 and gave the company an overweight rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. e.l.f. Beauty currently has a consensus rating of Hold and an average target price of $20.20.
e.l.f. Beauty stock opened at $20.06 on Friday. The stock has a market cap of $1.00 billion, a P/E ratio of 52.79 and a beta of 2.34. The company has a current ratio of 2.59, a quick ratio of 1.69 and a debt-to-equity ratio of 0.57. The stock has a 50 day moving average of $17.67 and a 200-day moving average of $14.96. e.l.f. Beauty has a 52 week low of $7.58 and a 52 week high of $20.95.
e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, May 21st. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.05. The company had revenue of $74.71 million during the quarter, compared to analysts’ expectations of $64.11 million. e.l.f. Beauty had a return on equity of 8.43% and a net margin of 6.32%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS. As a group, equities analysts predict that e.l.f. Beauty will post 0.25 earnings per share for the current fiscal year.
In other news, CEO Tarang Amin sold 114,298 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $16.11, for a total value of $1,841,340.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard F. Baruch, Jr. sold 3,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $17.21, for a total value of $51,630.00. Following the completion of the transaction, the insider now directly owns 173,233 shares of the company’s stock, valued at approximately $2,981,339.93. The disclosure for this sale can be found here. Insiders sold 436,632 shares of company stock worth $7,828,132 over the last ninety days. 17.10% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in ELF. Victory Capital Management Inc. grew its stake in shares of e.l.f. Beauty by 6,397.9% in the first quarter. Victory Capital Management Inc. now owns 1,796,549 shares of the company’s stock worth $17,678,000 after purchasing an additional 1,768,901 shares in the last quarter. Point72 Asset Management L.P. bought a new position in e.l.f. Beauty during the fourth quarter valued at about $13,704,000. Nuveen Asset Management LLC boosted its stake in e.l.f. Beauty by 83.1% during the fourth quarter. Nuveen Asset Management LLC now owns 1,315,355 shares of the company’s stock valued at $21,217,000 after buying an additional 596,810 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in e.l.f. Beauty during the first quarter valued at about $4,965,000. Finally, Eagle Asset Management Inc. bought a new position in e.l.f. Beauty during the first quarter valued at about $4,309,000. 85.49% of the stock is owned by institutional investors.
About e.l.f. Beauty
e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce and e.l.f.
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