e.l.f. Beauty, Inc. (NYSE:ELF) Receives $130.24 Average Price Target from Brokerages

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have earned a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $130.24.

A number of equities research analysts have recently weighed in on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. B. Riley reissued a “buy” rating and set a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. The Goldman Sachs Group decreased their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a report on Friday, February 21st. Raymond James cut their target price on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research note on Friday, February 7th. Finally, UBS Group restated a “neutral” rating and issued a $74.00 price objective (down from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th.

e.l.f. Beauty Stock Down 3.7 %

Shares of e.l.f. Beauty stock opened at $53.67 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. e.l.f. Beauty has a 52-week low of $49.90 and a 52-week high of $219.77. The company’s 50 day moving average price is $67.45 and its 200-day moving average price is $101.54. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 31.76, a P/E/G ratio of 6.76 and a beta of 1.41.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Equities research analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the sale, the director now directly owns 1,888 shares in the company, valued at approximately $127,232.32. This trade represents a 67.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is owned by insiders.

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

A number of institutional investors have recently made changes to their positions in ELF. Baillie Gifford & Co. lifted its position in e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after acquiring an additional 2,703,742 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of e.l.f. Beauty by 99.7% during the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company’s stock valued at $279,531,000 after purchasing an additional 1,111,550 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock valued at $289,437,000 after buying an additional 669,321 shares during the last quarter. Aspex Management HK Ltd bought a new stake in e.l.f. Beauty in the 4th quarter worth about $73,576,000. Finally, Raymond James Financial Inc. purchased a new position in e.l.f. Beauty in the 4th quarter worth about $68,775,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics 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.