e.l.f. Beauty, Inc. (NYSE:ELF) Receives $184.33 Consensus Target Price from Brokerages

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $184.33.

Several equities research analysts have recently commented on ELF shares. Truist Financial raised their target price on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. DA Davidson reissued a “buy” rating and set a $220.00 price objective on shares of e.l.f. Beauty in a research report on Monday, April 8th. Morgan Stanley boosted their price objective on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. boosted their price objective on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, January 18th. Finally, Robert W. Baird began coverage on shares of e.l.f. Beauty in a research note on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price objective on the stock.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $176.98 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average of $186.24 and a 200-day moving average of $150.60. The firm has a market cap of $9.82 billion, a P/E ratio of 78.31, a P/E/G ratio of 1.47 and a beta of 1.57. e.l.f. Beauty has a 1-year low of $83.80 and a 1-year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. The business had revenue of $270.94 million during the quarter, compared to analysts’ expectations of $239.66 million. Sell-side analysts expect that e.l.f. Beauty will post 2.5 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 6,832 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $162.63, for a total transaction of $1,111,088.16. Following the sale, the chief executive officer now owns 228,175 shares of the company’s stock, valued at approximately $37,108,100.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Joshua Allen Franks sold 29,388 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total transaction of $4,890,163.20. Following the completion of the sale, the senior vice president now owns 108,748 shares in the company, valued at $18,095,667.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 6,832 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $162.63, for a total value of $1,111,088.16. Following the sale, the chief executive officer now owns 228,175 shares of the company’s stock, valued at approximately $37,108,100.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 164,325 shares of company stock valued at $28,081,154. 5.20% of the stock is owned by insiders.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in e.l.f. Beauty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock valued at $873,351,000 after buying an additional 79,701 shares during the last quarter. Wellington Management Group LLP increased its position in e.l.f. Beauty by 5.2% in the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after buying an additional 126,231 shares in the last quarter. Invesco Ltd. increased its position in e.l.f. Beauty by 15.3% in the third quarter. Invesco Ltd. now owns 1,497,707 shares of the company’s stock worth $164,493,000 after buying an additional 198,235 shares in the last quarter. William Blair Investment Management LLC increased its position in e.l.f. Beauty by 58.2% in the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock worth $156,427,000 after buying an additional 523,903 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in e.l.f. Beauty by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 952,863 shares of the company’s stock worth $137,538,000 after acquiring an additional 7,999 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.