Zacks Investment Research upgraded shares of e.l.f. Beauty (NYSE:ELF) from a hold rating to a strong-buy rating in a research report report published on Monday, Zacks.com reports. The brokerage currently has $22.00 price objective on the stock.

According to Zacks, “e.l.f. Beauty, Inc. operates as a cosmetic company. Its cosmetic category primarily consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, excludes beauty tools and accessories, such as brushes and applicators. e.l.f. Beauty, Inc. is based in Oakland, United States. “

ELF has been the topic of a number of other research reports. Jefferies Financial Group raised shares of e.l.f. Beauty from a hold rating to a buy rating and set a $20.00 target price on the stock in a report on Monday, January 27th. William Blair reissued a buy rating on shares of e.l.f. Beauty in a report on Friday, December 20th. ValuEngine raised shares of e.l.f. Beauty from a strong sell rating to a sell rating in a report on Thursday, February 6th. Morgan Stanley increased their price target on shares of e.l.f. Beauty from $20.00 to $21.00 and gave the stock an overweight rating in a report on Thursday, February 6th. Finally, Piper Sandler reissued a buy rating and issued a $23.00 price target on shares of e.l.f. Beauty in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. e.l.f. Beauty has an average rating of Buy and an average price target of $18.64.

e.l.f. Beauty stock traded down $0.16 during midday trading on Monday, reaching $19.68. 55,318 shares of the stock were exchanged, compared to its average volume of 869,733. The company’s fifty day moving average is $16.11 and its 200-day moving average is $16.63. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.92 and a current ratio of 2.71. The firm has a market cap of $952.20 million, a PE ratio of -1,974.53, a PEG ratio of 13.11 and a beta of 2.29. e.l.f. Beauty has a 52 week low of $6.70 and a 52 week high of $19.96.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, February 5th. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.09. The business had revenue of $80.80 million for the quarter, compared to analyst estimates of $73.53 million. e.l.f. Beauty had a net margin of 0.11% and a return on equity of 7.30%. e.l.f. Beauty’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. On average, sell-side analysts anticipate that e.l.f. Beauty will post 0.39 earnings per share for the current fiscal year.

In other news, CEO Tarang Amin sold 15,682 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $16.00, for a total value of $250,912.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Tpg Growth Ii Advisors, Inc. sold 3,565,550 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $15.73, for a total transaction of $56,086,101.50. The disclosure for this sale can be found here. Insiders sold a total of 3,607,836 shares of company stock worth $56,762,678 in the last three months. Insiders own 17.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. NumerixS Investment Technologies Inc boosted its stake in shares of e.l.f. Beauty by 111.8% in the 4th quarter. NumerixS Investment Technologies Inc now owns 3,600 shares of the company’s stock valued at $58,000 after purchasing an additional 1,900 shares in the last quarter. Convergence Investment Partners LLC purchased a new stake in e.l.f. Beauty during the 3rd quarter valued at $98,000. First Mercantile Trust Co. purchased a new stake in e.l.f. Beauty during the 4th quarter valued at $106,000. NEXT Financial Group Inc purchased a new stake in e.l.f. Beauty during the 3rd quarter valued at $121,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in e.l.f. Beauty during the 3rd quarter valued at $140,000. 83.50% of the stock is owned by institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce and e.l.f.

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