Sponsored by:
Melissa Juried Kriebel
IceCream Sunscreen
IceCreamSunscreen
Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their target price on shares of e.l.f. Beauty from $30.00 to $35.00 in a research report on Thursday, July 21st. Morgan Stanley raised their price objective on e.l.f. Beauty from $39.00 to $42.00 and gave the stock an overweight rating in a research note on Thursday, August 4th. DA Davidson upped their target price on e.l.f. Beauty from $42.00 to $44.00 and gave the company a buy rating in a research report on Thursday, August 4th. TheStreet upgraded e.l.f. Beauty from a c+ rating to an a- rating in a research report on Wednesday, August 3rd. Finally, Piper Sandler cut their price objective on shares of e.l.f. Beauty from $29.00 to $24.00 in a research report on Thursday, May 26th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, e.l.f. Beauty presently has an average rating of Moderate Buy and an average price target of $36.86.
e.l.f. Beauty Stock Performance
NYSE:ELF opened at $36.70 on Friday. The stock has a 50 day simple moving average of $30.94 and a 200 day simple moving average of $27.31. The stock has a market cap of $1.92 billion, a P/E ratio of 69.25 and a beta of 1.67. e.l.f. Beauty has a 1-year low of $20.49 and a 1-year high of $38.17. The company has a current ratio of 3.51, a quick ratio of 2.37 and a debt-to-equity ratio of 0.27.
e.l.f. Beauty (NYSE:ELF – Get Rating) last posted its quarterly earnings data on Wednesday, May 25th. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $105.14 million for the quarter, compared to analysts’ expectations of $91.22 million. e.l.f. Beauty had a return on equity of 10.95% and a net margin of 6.69%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 EPS. Research analysts anticipate that e.l.f. Beauty will post 0.62 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider Mandy J. Fields sold 16,686 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $25.70, for a total value of $428,830.20. Following the sale, the insider now directly owns 157,175 shares in the company, valued at approximately $4,039,397.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Tarang Amin sold 42,561 shares of the business’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $26.16, for a total transaction of $1,113,395.76. Following the sale, the chief executive officer now owns 419,655 shares in the company, valued at approximately $10,978,174.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mandy J. Fields sold 16,686 shares of the company’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $25.70, for a total value of $428,830.20. Following the completion of the transaction, the insider now directly owns 157,175 shares of the company’s stock, valued at approximately $4,039,397.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 501,203 shares of company stock valued at $15,742,954. 8.20% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in ELF. Yousif Capital Management LLC bought a new stake in e.l.f. Beauty during the 4th quarter worth approximately $1,462,000. Qube Research & Technologies Ltd lifted its holdings in e.l.f. Beauty by 424.7% during the 4th quarter. Qube Research & Technologies Ltd now owns 39,330 shares of the company’s stock worth $1,306,000 after buying an additional 31,834 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in e.l.f. Beauty by 45.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,456 shares of the company’s stock worth $181,000 after buying an additional 1,710 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of e.l.f. Beauty by 17.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,378 shares of the company’s stock valued at $610,000 after buying an additional 2,752 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of e.l.f. Beauty by 10.3% in the fourth quarter. New York State Common Retirement Fund now owns 36,496 shares of the company’s stock valued at $1,212,000 after buying an additional 3,422 shares during the period. Institutional investors and hedge funds own 90.95% of the company’s stock.
e.l.f. Beauty Company Profile
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.
Read More
Receive News & Ratings for e.l.f. Beauty Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for e.l.f. Beauty and related companies with MarketBeat.com’s FREE daily email newsletter.