e.l.f. Beauty (NYSE:ELF) Earns “Strong-Buy” Rating from Raymond James

Raymond James restated their strong-buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a report issued on Monday, Benzinga reports. Raymond James currently has a $235.00 price objective on the stock.

Several other research firms have also weighed in on ELF. Piper Sandler lifted their target price on e.l.f. Beauty from $210.00 to $258.00 and gave the stock an overweight rating in a report on Thursday, July 11th. Canaccord Genuity Group lifted their target price on e.l.f. Beauty from $214.00 to $250.00 and gave the stock a buy rating in a report on Tuesday, June 18th. Robert W. Baird upgraded e.l.f. Beauty from a neutral rating to an outperform rating and lifted their target price for the stock from $210.00 to $230.00 in a report on Thursday, July 18th. Stifel Nicolaus lifted their target price on e.l.f. Beauty from $151.00 to $161.00 and gave the stock a hold rating in a report on Monday. Finally, Baird R W upgraded e.l.f. Beauty from a hold rating to a strong-buy rating in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $210.00.

e.l.f. Beauty Stock Down 2.4 %

NYSE:ELF opened at $170.35 on Monday. e.l.f. Beauty has a 12-month low of $88.47 and a 12-month 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. The firm has a market capitalization of $9.61 billion, a P/E ratio of 76.73, a P/E/G ratio of 3.89 and a beta of 1.46. The stock’s fifty day simple moving average is $191.12 and its 200-day simple moving average is $180.91.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.16. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. The business had revenue of $321.14 million for the quarter, compared to analyst estimates of $292.47 million. Equities research analysts expect that e.l.f. Beauty will post 2.83 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In related news, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the sale, the senior vice president now owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Tarang Amin sold 42,953 shares of e.l.f. Beauty stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total value of $7,944,586.88. Following the sale, the chief executive officer now owns 258,667 shares of the company’s stock, valued at $47,843,048.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty stock in a transaction dated 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 directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,361 shares of company stock valued at $22,019,033. 5.20% of the stock is owned by insiders.

Institutional Trading of e.l.f. Beauty

A number of hedge funds and other institutional investors have recently modified their holdings of ELF. Matrix Trust Co acquired a new position in e.l.f. Beauty during the second quarter worth approximately $27,000. Harbor Investment Advisory LLC acquired a new position in e.l.f. Beauty during the first quarter worth approximately $31,000. Oakworth Capital Inc. acquired a new position in e.l.f. Beauty during the first quarter worth approximately $33,000. Armstrong Advisory Group Inc. increased its position in e.l.f. Beauty by 390.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after buying an additional 160 shares during the last quarter. Finally, Rise Advisors LLC acquired a new position in e.l.f. Beauty during the first quarter worth approximately $40,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

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.