Analysts Set e.l.f. Beauty, Inc. (NYSE:ELF) PT at $130.24

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have received a consensus rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $130.24.

A number of equities research analysts have commented on ELF shares. Truist Financial raised their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Piper Sandler cut their price objective 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. B. Riley reiterated a “buy” rating and set a $90.00 price objective (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, Stifel Nicolaus dropped their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, February 3rd.

e.l.f. Beauty Stock Performance

ELF stock opened at $51.02 on Friday. 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 $49.90 and a 1 year high of $219.77. The company has a market cap of $2.88 billion, a P/E ratio of 30.19, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. The stock’s fifty day moving average price is $70.17 and its 200-day moving average price is $102.66.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data 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, equities analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the sale, the director now owns 1,888 shares of the company’s stock, valued at $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is currently owned by insiders.

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

Large investors have recently bought and sold shares of the business. Bank of Montreal Can increased its position in shares of e.l.f. Beauty by 51.5% during the third quarter. Bank of Montreal Can now owns 16,645 shares of the company’s stock worth $1,874,000 after acquiring an additional 5,655 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in e.l.f. Beauty by 5.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,589 shares of the company’s stock worth $1,482,000 after purchasing an additional 762 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in e.l.f. Beauty by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 192,221 shares of the company’s stock valued at $20,958,000 after purchasing an additional 4,434 shares in the last quarter. Hilltop Holdings Inc. purchased a new stake in e.l.f. Beauty in the third quarter worth about $215,000. Finally, Janus Henderson Group PLC grew its holdings in e.l.f. Beauty by 7.8% during the 3rd quarter. Janus Henderson Group PLC now owns 36,779 shares of the company’s stock worth $4,009,000 after acquiring an additional 2,676 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.