Brokerages Set e.l.f. Beauty, Inc. (NYSE:ELF) Price Target at $169.06

e.l.f. Beauty, Inc. (NYSE:ELF) has earned a consensus rating of “Buy” from the eighteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $169.06.

A number of equities analysts have commented on the stock. Jefferies Financial Group dropped their target price on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Morgan Stanley upgraded e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $139.00 to $153.00 in a report on Monday, January 13th. Piper Sandler upped their target price on e.l.f. Beauty from $165.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Robert W. Baird cut their price target on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Finally, B. Riley lowered their price objective on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, November 7th.

e.l.f. Beauty Stock Performance

Shares of NYSE:ELF opened at $118.47 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 64.04, a PEG ratio of 2.06 and a beta of 1.50. e.l.f. Beauty has a 12 month low of $98.50 and a 12 month high of $221.83. The firm’s 50-day moving average is $128.76 and its 200 day moving average is $135.25.

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

Insider Buying and Selling

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the business’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 value of $102,050.00. Following the completion of the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On e.l.f. Beauty

Large investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new stake in e.l.f. Beauty during the 3rd quarter worth approximately $25,000. Planning Capital Management Corp raised its stake in e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after purchasing an additional 371 shares during the last quarter. nVerses Capital LLC acquired a new stake in e.l.f. Beauty during the 3rd quarter worth $44,000. Peterson Financial Group Inc. purchased a new stake in shares of e.l.f. Beauty during the third quarter worth $45,000. Finally, Blue Trust Inc. raised its position in shares of e.l.f. Beauty by 2,357.1% in the third quarter. Blue Trust Inc. now owns 516 shares of the company’s stock valued at $56,000 after buying an additional 495 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.