Brokerages Set e.l.f. Beauty, Inc. (NYSE:ELF) Price Target at $184.33

e.l.f. Beauty, Inc. (NYSE:ELF) has been assigned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $184.33.

A number of equities analysts recently issued reports on the company. TD Cowen upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and cut their target price for the stock from $220.00 to $190.00 in a report on Wednesday, April 17th. Piper Sandler raised their price objective on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Robert W. Baird initiated coverage on shares of e.l.f. Beauty in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 price target on the stock. Stifel Nicolaus raised their price target on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Finally, StockNews.com lowered e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $176.98 on Friday. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 78.31, a PEG ratio of 1.47 and a beta of 1.57. e.l.f. Beauty has a 52-week low of $83.80 and a 52-week high of $221.83. The stock’s 50 day moving average price is $186.24 and its two-hundred day moving average price is $150.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. The company had revenue of $270.94 million for the quarter, compared to analysts’ expectations of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. On average, equities analysts predict that e.l.f. Beauty will post 2.5 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Joshua Allen Franks sold 727 shares of e.l.f. Beauty stock in a transaction on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the sale, the senior vice president now directly owns 83,736 shares in the company, valued at $13,829,837.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Tarang Amin sold 23,519 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the sale, the chief executive officer now directly owns 10,889 shares in the company, valued at approximately $2,165,713.21. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the transaction, the senior vice president now directly owns 83,736 shares in the company, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,325 shares of company stock worth $28,081,154. 5.20% of the stock is owned by company insiders.

Institutional Trading of e.l.f. Beauty

Several large investors have recently modified their holdings of the business. FMR LLC lifted its holdings in shares of e.l.f. Beauty by 641.2% during the third quarter. FMR LLC now owns 832,404 shares of the company’s stock valued at $91,423,000 after purchasing an additional 720,098 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of e.l.f. Beauty by 0.3% in the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock worth $4,906,000 after buying an additional 85 shares in the last quarter. First Dallas Securities Inc. purchased a new stake in e.l.f. Beauty in the 3rd quarter worth $3,569,000. Roman Butler Fullerton & Co. purchased a new stake in shares of e.l.f. Beauty in the fourth quarter worth about $1,294,000. Finally, William Blair Investment Management LLC raised its stake in e.l.f. Beauty by 58.2% during the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock valued at $156,427,000 after purchasing an additional 523,903 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

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.