elf beauty, inc. (NYSE:ELF) receives an average rating of “Buy” from analysts

Shares of elf Beauty, Inc. (NYSE:ELF – Get Free Report ) has been given an average recommendation of “Buy” by the fifteen research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $216.43.

ELF has been the subject of several research analyst reports. Truist Financial raised their target price on elf Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Bank of America lifted their price target on elf Beauty from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Raymond James reaffirmed a “strong-buy” rating and set a $235.00 target price on shares of elf Beauty in a research report on Monday, July 22nd. Baird RW raised elf Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. Finally, DA Davidson boosted their price target on elf Beauty from $220.00 to $223.00 and gave the company a “buy” rating in a report on Friday, August 9th.

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Elf Beauty Price Performance

Shares of ELF stock opened at $170.07 on Thursday. The company has a 50-day moving average price of $185.59 and a 200-day moving average price of $182.18. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 76.61, a PEG ratio of 3.66 and a beta of 1.46. Elf Beauty has a fifty-two week low of $88.47 and a fifty-two week high of $221.83. The company has a quick ratio of 0.95, a current ratio of 1.60, and a debt-to-equity ratio of 0.25.

elf Beauty (NYSE:ELF – Get Your Free Report ) last posted its earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.16. The firm had revenue of $321.14 million during the quarter, compared to analysts’ expectations of $292.47 million. elf Beauty had a return on equity of 26.64% and a net margin of 12.47%. equities research analysts anticipate that elf Beauty will post 2.84 earnings per share for the current fiscal year.

Indoor activity at elf Beauty

In other elf Beauty news, insider Jennifer Catherine Hartnett sold 9,808 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total transaction of $1,814,087.68. Following the transaction, the insider now owns 61,647 shares of the company’s stock, valued at approximately $11,402,229.12. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider Jennifer Catherine Hartnett sold 9,808 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total transaction of $1,814,087.68. Following the sale, the insider now directly owns 61,647 shares in the company, valued at approximately $11,402,229.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the sale, the senior vice president now owns 71,986 shares in the company, valued at $14,489,342.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,390 shares of company stock worth $18,264,873. Insiders own 5.20% of the company’s shares.

Hedge funds weigh in on the beauty of elves

Several hedge funds have recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of elf Beauty by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after purchased an additional 126,231 shares in the last quarter. Swiss National Bank boosted its stake in elf Beauty by 0.5% in the first quarter. Swiss National Bank now owns 108,900 shares of the company’s stock worth $21,348,000 after acquiring an additional 500 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of elf Beauty in the first quarter worth $417,000. ProShare Advisors LLC boosted its stake in elf Beauty by 22.1% in the first quarter. ProShare Advisors LLC now owns 12,411 shares of the company’s stock worth $2,433,000 after acquiring an additional 2,250 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of elf Beauty by 36.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 608,601 shares of the company’s stock worth $87,845,000 after purchasing an additional 161,497 shares during the last quarter. 92.44% of shares are currently owned by institutional investors and hedge funds.

About Elf Beauty

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elf Beauty, Inc, together with its subsidiaries, supplies cosmetics and skin care products under the elf Cosmetics, elf Skin, Well People and Keys Soulcare brands 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.

Further reading

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