DA Davidson Reaffirms “Buy” Rating for e.l.f. Beauty (NYSE:ELF)

DA Davidson reiterated their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a report published on Tuesday morning,Benzinga reports. They currently have a $170.00 target price on the stock.

A number of other research analysts have also recently weighed in on ELF. Morgan Stanley raised shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $139.00 to $153.00 in a research note on Monday, January 13th. B. Riley reduced their target price on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They set a “hold” rating and a $133.00 price objective on the stock. Finally, Jefferies Financial Group lowered their target price on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $169.06.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $118.59 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. e.l.f. Beauty has a fifty-two week low of $98.50 and a fifty-two week high of $221.83. The firm’s fifty day simple moving average is $129.13 and its 200-day simple moving average is $135.95. The stock has a market cap of $6.68 billion, a PE ratio of 64.10, a price-to-earnings-growth ratio of 2.21 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. During the same period in the previous year, the firm posted $0.66 earnings per share. e.l.f. Beauty’s revenue was up 39.7% on a year-over-year basis. Analysts expect that e.l.f. Beauty will post 2.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In other e.l.f. Beauty news, insider Scott Milsten sold 530 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Maureen C. Watson sold 785 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the transaction, the director now owns 1,888 shares of the company’s stock, valued at approximately $245,440. This trade represents a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,205 shares of company stock valued at $297,442. Company insiders own 3.50% of the company’s stock.

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

Several hedge funds and other institutional investors have recently modified their holdings of ELF. Wilmington Savings Fund Society FSB bought a new stake in e.l.f. Beauty in the third quarter valued at about $25,000. Planning Capital Management Corp raised its position in shares of e.l.f. Beauty by 1,855.0% during the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after acquiring an additional 371 shares in the last quarter. nVerses Capital LLC bought a new position in e.l.f. Beauty during the third quarter worth $44,000. Peterson Financial Group Inc. acquired a new position in e.l.f. Beauty in the third quarter worth $45,000. Finally, Blue Trust Inc. raised its holdings in shares of e.l.f. Beauty by 2,357.1% during the third quarter. Blue Trust Inc. now owns 516 shares of the company’s stock worth $56,000 after purchasing an additional 495 shares during the period. 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.