e.l.f. Beauty, Inc. (NYSE:ELF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

e.l.f. Beauty, Inc. (NYSE:ELF – Get Rating) has earned an average rating of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $69.75.

Several research firms have issued reports on ELF. Morgan Stanley upped their price target on e.l.f. Beauty from $64.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, February 2nd. Cowen upped their price target on shares of e.l.f. Beauty from $36.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, February 16th. Canaccord Genuity Group upped their price objective on shares of e.l.f. Beauty from $63.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. DA Davidson upped their price objective on shares of e.l.f. Beauty from $77.00 to $91.00 in a report on Wednesday. Finally, Jefferies Financial Group cut shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and set a $55.00 price target for the company. in a report on Monday, January 9th.

e.l.f. Beauty Stock Up 1.8 %

NYSE:ELF opened at $73.33 on Thursday. The firm has a market capitalization of $3.91 billion, a PE ratio of 86.27, a price-to-earnings-growth ratio of 2.12 and a beta of 1.49. The stock has a 50 day moving average of $65.43 and a 200-day moving average of $53.14. e.l.f. Beauty has a 52 week low of $20.49 and a 52 week high of $76.01. The company has a current ratio of 3.00, a quick ratio of 2.08 and a debt-to-equity ratio of 0.16.

e.l.f. Beauty (NYSE:ELF – Get Rating) last issued its quarterly earnings data on Wednesday, February 1st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.21. The business had revenue of $146.54 million during the quarter, compared to the consensus estimate of $121.82 million. e.l.f. Beauty had a return on equity of 15.00% and a net margin of 9.43%. Analysts predict that e.l.f. Beauty will post 1.03 EPS for the current year.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 600 shares of e.l.f. Beauty stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $72.05, for a total value of $43,230.00. Following the sale, the senior vice president now directly owns 114,277 shares in the company, valued at approximately $8,233,657.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Tarang Amin sold 39,740 shares of e.l.f. Beauty stock in a transaction dated Thursday, January 5th. The shares were sold at an average price of $55.56, for a total transaction of $2,207,954.40. Following the completion of the sale, the chief executive officer now owns 347,496 shares of the company’s stock, valued at approximately $19,306,877.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joshua Allen Franks sold 600 shares of the business’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $72.05, for a total transaction of $43,230.00. Following the completion of the sale, the senior vice president now directly owns 114,277 shares of the company’s stock, valued at approximately $8,233,657.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 311,195 shares of company stock worth $20,604,238. Insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On e.l.f. Beauty

Several hedge funds and other institutional investors have recently made changes to their positions in ELF. Point72 Middle East FZE acquired a new position in e.l.f. Beauty during the 4th quarter worth approximately $28,000. Covestor Ltd increased its position in e.l.f. Beauty by 8,340.0% in the 1st quarter. Covestor Ltd now owns 1,266 shares of the company’s stock valued at $33,000 after acquiring an additional 1,251 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of e.l.f. Beauty in the 4th quarter valued at $46,000. Optimum Investment Advisors bought a new stake in shares of e.l.f. Beauty in the 4th quarter valued at $55,000. Finally, Signaturefd LLC boosted its stake in e.l.f. Beauty by 298.5% during the fourth quarter. Signaturefd LLC now owns 1,068 shares of the company’s stock worth $59,000 after acquiring an additional 800 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

About e.l.f. Beauty

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e.l.f. Beauty, Inc operates as a holding company, which engages in the provision of cosmetic 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. The company was founded in 2004 and is headquartered in Oakland, CA.