e.l.f. Beauty (NYSE:ELF) Receives Maintains Rating from Raymond James

Raymond James reiterated their maintains rating on shares of e.l.f. Beauty (NYSE:ELFGet Rating) in a report released on Tuesday, Benzinga reports.

A number of other equities research analysts have also recently commented on ELF. JPMorgan Chase & Co. increased their price target on e.l.f. Beauty from $30.00 to $35.00 in a research note on Thursday, July 21st. William Blair restated an outperform rating on shares of e.l.f. Beauty in a research note on Thursday, May 26th. Piper Sandler reduced their price objective on e.l.f. Beauty from $29.00 to $24.00 in a research note on Thursday, May 26th. Finally, DA Davidson raised their price objective on e.l.f. Beauty from $41.00 to $42.00 and gave the stock a buy rating in a research note on Thursday, May 26th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty has an average rating of Moderate Buy and an average price target of $33.40.

e.l.f. Beauty Trading Up 0.5 %

e.l.f. Beauty stock opened at $34.07 on Tuesday. The stock has a 50-day moving average of $29.23 and a two-hundred day moving average of $26.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.67 and a current ratio of 2.97. e.l.f. Beauty has a one year low of $20.49 and a one year high of $34.63. The stock has a market cap of $1.79 billion, a PE ratio of 83.10 and a beta of 1.67.

e.l.f. Beauty (NYSE:ELFGet Rating) last released its quarterly earnings results on Wednesday, May 25th. The company reported $0.06 EPS for the quarter. e.l.f. Beauty had a return on equity of 9.70% and a net margin of 5.55%. The company had revenue of $105.14 million during the quarter, compared to analysts’ expectations of $91.22 million. During the same period last year, the business posted $0.10 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. On average, research analysts anticipate that e.l.f. Beauty will post 0.54 EPS for the current fiscal year.

Insider Activity at e.l.f. Beauty

In related news, insider Scott Milsten sold 14,949 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $27.08, for a total transaction of $404,818.92. Following the completion of the transaction, the insider now directly owns 185,219 shares in the company, valued at $5,015,730.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other e.l.f. Beauty news, insider Scott Milsten sold 14,949 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $27.08, for a total value of $404,818.92. Following the sale, the insider now directly owns 185,219 shares of the company’s stock, valued at $5,015,730.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 42,561 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $26.16, for a total value of $1,113,395.76. Following the completion of the sale, the chief executive officer now directly owns 419,655 shares in the company, valued at $10,978,174.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 257,919 shares of company stock worth $7,088,327. 8.20% of the stock is owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Several institutional investors have recently bought and sold shares of ELF. UMB Bank N A MO acquired a new stake in shares of e.l.f. Beauty in the fourth quarter worth approximately $29,000. Covestor Ltd lifted its position in e.l.f. Beauty by 8,340.0% during the first quarter. Covestor Ltd now owns 1,266 shares of the company’s stock worth $33,000 after buying an additional 1,251 shares in the last quarter. Sandy Cove Advisors LLC purchased a new stake in e.l.f. Beauty in the fourth quarter valued at $70,000. Nisa Investment Advisors LLC raised its position in e.l.f. Beauty by 33.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,800 shares of the company’s stock valued at $83,000 after purchasing an additional 700 shares during the period. Finally, Retirement Planning Co of New England Inc. purchased a new stake in shares of e.l.f. Beauty in the 4th quarter valued at $103,000. 90.95% of the stock is owned by institutional investors and hedge funds.

About e.l.f. Beauty

(Get Rating)

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.

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