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

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have received an average recommendation of “Moderate Buy” from the eighteen brokerages that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $132.94.

A number of research analysts recently commented on ELF shares. Canaccord Genuity Group reduced their target price on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Piper Sandler reduced their target price on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Raymond James reduced their target price on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research note on Friday, February 7th. DA Davidson reissued a “neutral” rating and issued a $80.00 target price on shares of e.l.f. Beauty in a research note on Tuesday, February 18th. Finally, UBS Group reissued a “neutral” rating and issued a $74.00 target price (down previously from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th.

e.l.f. Beauty Trading Up 9.8 %

e.l.f. Beauty stock opened at $70.75 on Monday. The stock has a market cap of $3.99 billion, a P/E ratio of 41.87, a PEG ratio of 6.76 and a beta of 1.60. e.l.f. Beauty has a fifty-two week low of $61.90 and a fifty-two week high of $219.77. The firm’s fifty day moving average price is $97.69 and its 200-day moving average price is $113.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. Equities research analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Institutional Trading of e.l.f. Beauty

A number of institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. boosted its holdings in shares of e.l.f. Beauty by 51.0% during the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after purchasing an additional 2,703,742 shares during the period. Vanguard Group Inc. boosted its holdings in shares of e.l.f. Beauty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company’s stock worth $690,174,000 after purchasing an additional 68,103 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock worth $289,437,000 after purchasing an additional 669,321 shares during the period. Champlain Investment Partners LLC boosted its holdings in shares of e.l.f. Beauty by 99.7% during the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company’s stock worth $279,531,000 after purchasing an additional 1,111,550 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in shares of e.l.f. Beauty by 17.5% during the fourth quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company’s stock worth $222,541,000 after purchasing an additional 264,296 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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.