e.l.f. Beauty (NYSE:ELF) Given Buy Rating at DA Davidson

e.l.f. Beauty (NYSE:ELF)‘s stock had its “buy” rating reiterated by stock analysts at DA Davidson in a research report issued on Tuesday, Benzinga reports. They presently have a $223.00 price target on the stock. DA Davidson’s price objective would indicate a potential upside of 111.05% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. UBS Group cut their target price on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. TD Cowen reduced their target price on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 12th. JPMorgan Chase & Co. lowered their price target on shares of e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Stifel Nicolaus increased their price objective 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. Finally, Morgan Stanley lowered their target price on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $195.80.

e.l.f. Beauty Trading Down 0.3 %

Shares of NYSE:ELF opened at $105.66 on Tuesday. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 47.59, a PEG ratio of 2.33 and a beta of 1.44. e.l.f. Beauty has a 12 month low of $88.47 and a 12 month high of $221.83. The company’s fifty day simple moving average is $142.78 and its 200 day simple moving average is $169.18. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The firm had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. As a group, research analysts forecast that e.l.f. Beauty will post 2.88 EPS for the current fiscal year.

Insider Buying and Selling

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the sale, the senior vice president now owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the transaction, the senior vice president now directly owns 71,986 shares in the company, valued at $14,489,342.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,832 shares of company stock valued at $7,074,887. 5.20% of the stock is owned by insiders.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $26,000. Matrix Trust Co bought a new position in e.l.f. Beauty during the 2nd quarter worth $27,000. Innealta Capital LLC bought a new position in e.l.f. Beauty during the 2nd quarter worth $30,000. Harbor Investment Advisory LLC acquired a new stake in shares of e.l.f. Beauty during the first quarter worth $31,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position 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 valued at $36,000 after acquiring an additional 138 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.