e.l.f. Beauty (ELF) Set to Announce Earnings on Wednesday

e.l.f. Beauty (NYSE:ELFGet Rating) will announce its earnings results after the market closes on Wednesday, May 25th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

e.l.f. Beauty stock opened at $23.70 on Wednesday. The company has a current ratio of 2.96, a quick ratio of 1.60 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $24.74 and a 200 day moving average price of $27.92. e.l.f. Beauty has a 12-month low of $21.72 and a 12-month high of $33.63. The stock has a market cap of $1.24 billion, a P/E ratio of 62.37 and a beta of 1.91.

A number of analysts have recently issued reports on the stock. StockNews.com initiated coverage on shares of e.l.f. Beauty in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research downgraded e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Thursday, January 27th. Raymond James lowered their price target on e.l.f. Beauty from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, April 18th. DA Davidson boosted their price objective on shares of e.l.f. Beauty from $40.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, February 3rd. Finally, Piper Sandler lowered their target price on shares of e.l.f. Beauty from $32.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.67.

In related news, CEO Tarang Amin sold 42,561 shares of the stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $26.02, for a total transaction of $1,107,437.22. Following the transaction, the chief executive officer now owns 439,674 shares of the company’s stock, valued at approximately $11,440,317.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Scott Milsten sold 25,027 shares of the stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $25.47, for a total value of $637,437.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 120,294 shares of company stock worth $3,067,775. 11.10% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Covestor Ltd raised its position in e.l.f. Beauty by 8,340.0% in the 1st quarter. Covestor Ltd now owns 1,266 shares of the company’s stock valued at $33,000 after purchasing an additional 1,251 shares in the last quarter. NEXT Financial Group Inc raised its position in e.l.f. Beauty by 2,175.3% in the 4th quarter. NEXT Financial Group Inc now owns 1,934 shares of the company’s stock valued at $64,000 after purchasing an additional 1,849 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in e.l.f. Beauty in the 4th quarter valued at about $155,000. Advisor Group Holdings Inc. raised its position in e.l.f. Beauty by 7.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock valued at $174,000 after purchasing an additional 476 shares in the last quarter. Finally, Stifel Financial Corp raised its position in e.l.f. Beauty by 7.9% in the 4th quarter. Stifel Financial Corp now owns 8,729 shares of the company’s stock valued at $290,000 after purchasing an additional 636 shares in the last quarter. 90.95% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile (Get Rating)

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f., W3LL PEOPLE, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, 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.

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Earnings History for e.l.f. Beauty (NYSE:ELF)

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