e.l.f. Beauty (NYSE:ELF) Given Average Rating of “Moderate Buy” by Analysts

e.l.f. Beauty (NYSE:ELF) has been assigned an average rating of “Moderate Buy” from the seventeen research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $79.60.

Several analysts have recently issued reports on ELF shares. JPMorgan Chase & Co. lowered their price target on shares of e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft set a $65.00 price target on e.l.f. Beauty in a report on Thursday, May 14th. Robert W. Baird reduced their price target on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. B. Riley Financial dropped their price objective on e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Finally, Citigroup cut their target price on e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th.

Insider Transactions at e.l.f. Beauty

In other news, insider Kory Marchisotto sold 23,796 shares of e.l.f. Beauty stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $63.66, for a total transaction of $1,514,853.36. Following the completion of the sale, the insider owned 152,417 shares in the company, valued at approximately $9,702,866.22. This trade represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jennifer Catherine Hartnett sold 10,318 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $51.94, for a total value of $535,916.92. Following the transaction, the insider directly owned 58,408 shares of the company’s stock, valued at $3,033,711.52. The trade was a 15.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 235,649 shares of company stock worth $14,647,024. 3.90% of the stock is owned by insiders.

Institutional Trading of e.l.f. Beauty

Several institutional investors and hedge funds have recently made changes to their positions in ELF. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of e.l.f. Beauty during the 4th quarter worth $26,000. Hilton Head Capital Partners LLC bought a new position in e.l.f. Beauty in the fourth quarter valued at $32,000. EverSource Wealth Advisors LLC raised its position in e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after purchasing an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after purchasing an additional 117 shares in the last quarter. Finally, Arax Advisory Partners bought a new stake in e.l.f. Beauty during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $55.70 on Wednesday. The company has a market capitalization of $3.31 billion, a P/E ratio of 121.10, a P/E/G ratio of 2.15 and a beta of 1.63. The business has a fifty day simple moving average of $59.48 and a two-hundred day simple moving average of $73.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.69. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $150.99.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The company had revenue of $449.29 million during the quarter, compared to the consensus estimate of $423.06 million. During the same quarter in the prior year, the company earned $0.78 EPS. The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, analysts expect that e.l.f. Beauty will post 2.41 earnings per share for the current year.

e.l.f. Beauty Company Profile

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.