e.l.f. Beauty, Inc. (NYSE:ELF) Receives $151.42 Consensus PT from Brokerages

e.l.f. Beauty, Inc. (NYSE:ELFGet Free Report) has been given an average rating of “Moderate Buy” by the twelve brokerages that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $151.42.

A number of analysts have issued reports on the company. DA Davidson raised their target price on e.l.f. Beauty from $176.00 to $178.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Robert W. Baird began coverage on e.l.f. Beauty in a research note on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, January 18th. Stifel Nicolaus lifted their price objective on e.l.f. Beauty from $119.00 to $141.00 and gave the company a “hold” rating in a research report on Monday, January 22nd. Finally, Piper Sandler cut their price objective on e.l.f. Beauty from $164.00 to $152.00 in a research report on Tuesday, October 10th.

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e.l.f. Beauty Trading Up 2.1 %

Shares of NYSE ELF opened at $173.32 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.86 and a debt-to-equity ratio of 0.11. e.l.f. Beauty has a 12 month low of $67.59 and a 12 month high of $174.65. The business has a fifty day simple moving average of $146.73 and a 200-day simple moving average of $126.18. The company has a market cap of $9.57 billion, a price-to-earnings ratio of 80.99, a P/E/G ratio of 2.31 and a beta of 1.54.

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

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 200 shares of e.l.f. Beauty stock in a transaction on Monday, January 8th. The shares were sold at an average price of $152.53, for a total transaction of $30,506.00. Following the completion of the transaction, the senior vice president now directly owns 91,003 shares of the company’s stock, valued at $13,880,687.59. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 200 shares of e.l.f. Beauty stock in a transaction on Monday, January 8th. The shares were sold at an average price of $152.53, for a total transaction of $30,506.00. Following the completion of the transaction, the senior vice president now directly owns 91,003 shares of the company’s stock, valued at $13,880,687.59. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Scott Milsten sold 10,000 shares of e.l.f. Beauty stock in a transaction on Monday, January 8th. The stock was sold at an average price of $150.06, for a total transaction of $1,500,600.00. Following the transaction, the insider now directly owns 79,104 shares of the company’s stock, valued at $11,870,346.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,092 shares of company stock valued at $10,082,191. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ELF. First Trust Direct Indexing L.P. raised its stake in e.l.f. Beauty by 3.2% during the fourth quarter. First Trust Direct Indexing L.P. now owns 2,106 shares of the company’s stock worth $304,000 after acquiring an additional 65 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of e.l.f. Beauty by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock worth $4,906,000 after purchasing an additional 85 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in e.l.f. Beauty by 38.0% in the fourth quarter. First Horizon Advisors Inc. now owns 338 shares of the company’s stock valued at $49,000 after acquiring an additional 93 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in e.l.f. Beauty by 66.4% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after acquiring an additional 97 shares during the last quarter. Finally, Guidance Capital Inc. boosted its holdings in e.l.f. Beauty by 3.0% in the third quarter. Guidance Capital Inc. now owns 3,454 shares of the company’s stock valued at $379,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

About e.l.f. Beauty

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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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Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

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