e.l.f. Beauty (NYSE:ELF) Given “Buy” Rating at B. Riley

B. Riley reaffirmed their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a research note published on Friday morning,Benzinga reports. The brokerage currently has a $90.00 target price on the stock, down from their previous target price of $150.00.

Several other equities research analysts have also recently commented on ELF. Deutsche Bank Aktiengesellschaft initiated coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They set a “hold” rating and a $133.00 price target for the company. Piper Sandler dropped their target price on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research report on Wednesday. Stifel Nicolaus reduced their price target on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Bank of America dropped their price objective on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Finally, Robert W. Baird cut their price target 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. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $134.00.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $71.12 on Friday. e.l.f. Beauty has a 1 year low of $63.50 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. The firm’s 50 day moving average is $123.67 and its 200-day moving average is $128.61. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 38.44, a PEG ratio of 1.74 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. Sell-side analysts forecast that e.l.f. Beauty will post 2.8 EPS for the current fiscal year.

Insider Activity

In related news, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Milsten sold 530 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 over the last ninety days. Insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

A number of hedge funds have recently made changes to their positions in ELF. Nisa Investment Advisors LLC lifted its holdings in e.l.f. Beauty by 3.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock valued at $361,000 after purchasing an additional 91 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of e.l.f. Beauty by 1.3% during the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock worth $990,000 after buying an additional 102 shares during the period. Arizona State Retirement System grew its stake in e.l.f. Beauty by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock valued at $2,055,000 after buying an additional 128 shares during the last quarter. Cetera Trust Company N.A raised its holdings in e.l.f. Beauty by 14.4% in the 3rd quarter. Cetera Trust Company N.A now owns 1,030 shares of the company’s stock valued at $112,000 after acquiring an additional 130 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its position in e.l.f. Beauty by 7.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock worth $262,000 after acquiring an additional 150 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

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.