e.l.f. Beauty (NYSE:ELF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

e.l.f. Beauty (NYSE:ELF) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $124.24.

A number of research analysts have recently commented on the stock. UBS Group upped their price target on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price target on e.l.f. Beauty from $70.00 to $123.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Raymond James Financial increased their price objective on e.l.f. Beauty from $95.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 29th. The Goldman Sachs Group decreased their target price on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Morgan Stanley increased their price target on e.l.f. Beauty from $70.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 29th.

e.l.f. Beauty Stock Performance

ELF opened at $125.89 on Wednesday. The company has a 50 day simple moving average of $81.89 and a two-hundred day simple moving average of $91.30. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.05 and a quick ratio of 2.00. The firm has a market cap of $7.09 billion, a P/E ratio of 65.23, a PEG ratio of 2.79 and a beta of 1.52. 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 posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The business had revenue of $332.65 million during the quarter, compared to the consensus estimate of $327.45 million. During the same period in the prior year, the company posted $0.53 EPS. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

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

In related news, SVP Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the transaction, the senior vice president now owns 114,660 shares in the company, valued at approximately $6,118,257.60. The trade was a 30.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jennifer Catherine Hartnett sold 18,383 shares of the business’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $109.99, for a total value of $2,021,946.17. Following the transaction, the insider now owns 54,163 shares in the company, valued at approximately $5,957,388.37. This represents a 25.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 327,207 shares of company stock valued at $25,252,926 over the last quarter. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Large investors have recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in shares of e.l.f. Beauty by 149.8% during the 4th quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock valued at $41,250,000 after buying an additional 197,028 shares during the last quarter. Global Retirement Partners LLC raised its holdings in e.l.f. Beauty by 441.0% in the fourth quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock valued at $1,040,000 after acquiring an additional 6,752 shares in the last quarter. Mitchell Capital Management Co. bought a new position in e.l.f. Beauty during the 4th quarter valued at $2,655,000. Harbor Capital Advisors Inc. grew its holdings in e.l.f. Beauty by 42.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 103,235 shares of the company’s stock worth $6,482,000 after acquiring an additional 30,530 shares in the last quarter. Finally, Granahan Investment Management LLC bought a new stake in shares of e.l.f. Beauty in the 4th quarter worth about $9,671,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.