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

DA Davidson reissued their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a research report released on Thursday,Benzinga reports. DA Davidson currently has a $170.00 target price on the stock.

Several other research analysts have also recently issued reports on the company. Morgan Stanley cut their price objective on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research report on Monday, September 30th. Jefferies Financial Group reduced their price objective 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. Piper Sandler reaffirmed an “overweight” rating and issued a $165.00 target price (up from $162.00) on shares of e.l.f. Beauty in a report on Thursday, November 7th. Stifel Nicolaus decreased their price target on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group dropped their price objective on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and an average price target of $171.82.

e.l.f. Beauty Stock Up 1.5 %

ELF stock opened at $129.09 on Thursday. e.l.f. Beauty has a one year low of $98.50 and a one year high of $221.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The company has a fifty day moving average of $121.23 and a 200-day moving average of $147.74. The stock has a market capitalization of $7.27 billion, a PE ratio of 69.78, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. As a group, analysts expect that e.l.f. Beauty will post 2.8 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 785 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the transaction, the chief executive officer now directly owns 99,699 shares in the company, valued at $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock worth $297,442 in the last quarter. 3.50% of the stock is owned by insiders.

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

Several large investors have recently made changes to their positions in the business. Logan Capital Management Inc. boosted its position in e.l.f. Beauty by 6.4% during the 3rd quarter. Logan Capital Management Inc. now owns 42,923 shares of the company’s stock worth $4,680,000 after purchasing an additional 2,565 shares during the period. Retirement Systems of Alabama lifted its stake in shares of e.l.f. Beauty by 83.6% during the third quarter. Retirement Systems of Alabama now owns 143,758 shares of the company’s stock worth $15,674,000 after purchasing an additional 65,448 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of e.l.f. Beauty in the third quarter valued at about $1,160,000. Wilmington Savings Fund Society FSB acquired a new position in e.l.f. Beauty during the 3rd quarter worth approximately $25,000. Finally, Sanctuary Advisors LLC boosted its holdings in e.l.f. Beauty by 33.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,981 shares of the company’s stock worth $761,000 after acquiring an additional 1,753 shares during the period. Institutional investors and hedge funds 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.