e.l.f. Beauty, Inc. (NYSE:ELF) Receives Average Recommendation of “Moderate Buy” from Brokerages

e.l.f. Beauty, Inc. (NYSE:ELF) has been given a consensus recommendation of “Moderate Buy” by the eighteen brokerages that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $171.82.

ELF has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They set a “hold” rating and a $133.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Bank of America lowered their price target on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Stifel Nicolaus cut their price objective on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research report on Thursday, November 7th. Finally, Robert W. Baird decreased their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 21st.

Insider Buying and Selling

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now owns 1,888 shares in the company, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Milsten sold 530 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock valued at $297,442 over the last quarter. 3.50% of the stock is owned by company insiders.

Institutional Trading of e.l.f. Beauty

Several institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty during the third quarter valued at $25,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at about $26,000. Innealta Capital LLC bought a new stake in shares of e.l.f. Beauty in the second quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after acquiring an additional 138 shares during the period. Finally, Crewe Advisors LLC lifted its position in e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after purchasing an additional 146 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $127.76 on Wednesday. e.l.f. Beauty has a 1 year low of $98.50 and a 1 year high of $221.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The business has a fifty day simple moving average of $123.67 and a two-hundred day simple moving average of $144.74. The company has a market capitalization of $7.20 billion, a P/E ratio of 69.06, a P/E/G ratio of 3.03 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The business had revenue of $301.10 million for 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 EPS. On average, 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 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.