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

e.l.f. Beauty, Inc. (NYSE:ELF) has received a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $117.41.

A number of brokerages have commented on ELF. Piper Sandler reduced their target price on shares of e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, March 31st. JPMorgan Chase & Co. cut their price objective on shares of e.l.f. Beauty from $127.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. UBS Group dropped their target price on e.l.f. Beauty from $74.00 to $59.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Raymond James dropped their target price on e.l.f. Beauty from $120.00 to $85.00 and set a “strong-buy” rating on the stock in a research report on Thursday, April 17th. Finally, B. Riley reiterated a “buy” rating and issued a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th.

Insider Buying and Selling at e.l.f. Beauty

In related news, insider Kory Marchisotto sold 51,350 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the completion of the sale, the insider now owns 152,492 shares of the company’s stock, valued at approximately $8,136,973.12. This represents a 25.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 97,915 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the sale, the chief executive officer now directly owns 181,289 shares of the company’s stock, valued at approximately $9,673,581.04. This trade represents a 35.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 204,618 shares of company stock valued at $10,974,536 in the last ninety days. Insiders own 3.50% of the company’s stock.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. boosted its stake in shares of e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after buying an additional 2,703,742 shares during the last quarter. Vanguard Group Inc. lifted its stake in 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 last quarter. William Blair Investment Management LLC lifted its stake in 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 last quarter. Champlain Investment Partners LLC lifted its stake in 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 last quarter. Finally, Clearbridge Investments LLC lifted its stake in 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 last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $61.94 on Tuesday. The stock has a market capitalization of $3.49 billion, a PE ratio of 36.65, a P/E/G ratio of 6.76 and a beta of 1.41. The business has a 50 day simple moving average of $62.19 and a two-hundred day simple moving average of $97.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year high of $219.77.

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