Brokerages Set e.l.f. Beauty, Inc. (NYSE:ELF) Target Price at $130.24

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

A number of analysts recently weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $70.00 price target (down previously from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. The Goldman Sachs Group lowered their price target on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Canaccord Genuity Group reduced their price objective on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 7th. DA Davidson lowered their target price on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, UBS Group restated a “neutral” rating and set a $74.00 price target (down previously from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th.

e.l.f. Beauty Stock Down 0.2 %

ELF opened at $54.88 on Friday. e.l.f. Beauty has a one year low of $49.90 and a one year high of $219.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The stock has a market capitalization of $3.10 billion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. The business’s 50-day simple moving average is $73.38 and its 200-day simple moving average is $103.89.

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

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the sale, the director now owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is currently owned by corporate insiders.

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

Several institutional investors and hedge funds have recently made changes to their positions in ELF. Principal Financial Group Inc. raised its position in e.l.f. Beauty by 149.8% during the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock worth $41,250,000 after acquiring an additional 197,028 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of e.l.f. Beauty by 441.0% during the 4th quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock worth $1,040,000 after purchasing an additional 6,752 shares in the last quarter. Robbins Farley raised its position in shares of e.l.f. Beauty by 27.1% during the 4th quarter. Robbins Farley now owns 34,396 shares of the company’s stock worth $4,318,000 after purchasing an additional 7,335 shares during the last quarter. Pacer Advisors Inc. lifted its stake in e.l.f. Beauty by 43.4% in the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock valued at $1,482,000 after buying an additional 3,572 shares in the last quarter. Finally, Ibex Wealth Advisors acquired a new stake in e.l.f. Beauty during the 4th quarter valued at $5,519,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

About e.l.f. Beauty

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.