DA Davidson Reaffirms Buy Rating for e.l.f. Beauty (NYSE:ELF)

DA Davidson reaffirmed their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a research report released on Wednesday morning,Benzinga reports. They currently have a $170.00 price target on the stock.

ELF has been the topic of a number of other research reports. B. Riley decreased their target price on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Truist Financial decreased their price objective on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. JPMorgan Chase & Co. cut their target price on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Robert W. Baird decreased their price target on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Finally, Jefferies Financial Group dropped their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $170.65.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $140.60 on Wednesday. The business’s 50 day moving average is $118.27 and its 200-day moving average is $149.58. The firm has a market cap of $7.92 billion, a P/E ratio of 76.00, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49. e.l.f. Beauty has a 1-year low of $98.50 and a 1-year high of $221.83. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

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

Insider Buying and Selling

In other news, Director Maureen C. Watson sold 785 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now owns 1,888 shares of the company’s stock, valued at approximately $245,440. This represents a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the transaction, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock valued at $297,442 in the last three months. Insiders own 3.50% of the company’s stock.

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

Several large investors have recently modified their holdings of ELF. Wilmington Savings Fund Society FSB acquired a new position in e.l.f. Beauty in the third quarter valued at $25,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at about $26,000. Innealta Capital LLC bought a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. grew its stake 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 increased its holdings in e.l.f. Beauty by 456.3% in the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after purchasing an additional 146 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.