Brokerages Set e.l.f. Beauty, Inc. (NYSE:ELF) PT at $183.80

e.l.f. Beauty, Inc. (NYSE:ELF) has been given a consensus recommendation of “Buy” by the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $173.53.

Several equities research analysts have commented on the company. B. Riley cut their target price on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday. Robert W. Baird cut their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Morgan Stanley decreased their target price on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research report on Monday, September 30th. Piper Sandler restated an “overweight” rating and set a $165.00 price objective (up from $162.00) on shares of e.l.f. Beauty in a research note on Thursday. Finally, DA Davidson lowered their target price on e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday.

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

In other news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On e.l.f. Beauty

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC bought a new position in e.l.f. Beauty during the 2nd quarter worth $26,000. Matrix Trust Co bought a new position in shares of e.l.f. Beauty in the second quarter worth $27,000. Innealta Capital LLC acquired a new position in e.l.f. Beauty in the second quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. lifted its position in e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after purchasing an additional 138 shares during the period. Finally, Crewe Advisors LLC grew its stake in e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after buying an additional 146 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $120.20 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. e.l.f. Beauty has a 52 week low of $92.16 and a 52 week high of $221.83. The company’s 50 day moving average price is $112.47 and its two-hundred day moving average price is $155.89. The company has a market capitalization of $6.78 billion, a P/E ratio of 64.97, a price-to-earnings-growth ratio of 2.17 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.89%. The business had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same period last year, the business posted $0.66 earnings per share. The firm’s quarterly revenue was up 39.7% on a year-over-year basis. On average, analysts expect that e.l.f. Beauty will post 2.88 earnings per share for the current fiscal year.

About e.l.f. Beauty

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.