e.l.f. Beauty’s (ELF) Buy Rating Reiterated at DA Davidson

DA Davidson reissued their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a research note issued to investors on Monday,Benzinga reports. They currently have a $170.00 price target on the stock.

A number of other research firms have also recently commented on ELF. TD Cowen decreased their price target on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. B. Riley lowered their price target on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Bank of America dropped their price target on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Stifel Nicolaus lowered their target price on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. Finally, Morgan Stanley cut 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 note on Monday, September 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $173.53.

e.l.f. Beauty Stock Up 2.3 %

NYSE ELF opened at $127.20 on Monday. e.l.f. Beauty has a 52 week low of $98.50 and a 52 week high of $221.83. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $7.17 billion, a P/E ratio of 68.76, a price-to-earnings-growth ratio of 2.85 and a beta of 1.44. The stock’s 50-day moving average price is $113.07 and its 200-day moving average price is $151.94.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm’s revenue was up 39.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.66 EPS. On average, equities research analysts predict that e.l.f. Beauty will post 2.8 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of the firm’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 in the company, valued at approximately $14,465,883.20. This trade represents a 18.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new position in shares of e.l.f. Beauty during the second quarter valued at approximately $26,000. Matrix Trust Co bought a new position in e.l.f. Beauty in the 2nd quarter valued at $27,000. Innealta Capital LLC purchased a new stake in e.l.f. Beauty in the second quarter worth $30,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of 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 last quarter. Finally, Crewe Advisors LLC boosted its stake in shares of e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after purchasing an additional 146 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.