e.l.f. Beauty (NYSE:ELF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

e.l.f. Beauty (NYSE:ELF) has earned a consensus rating of “Moderate Buy” from the nineteen research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $97.1250.

A number of equities research analysts have weighed in on ELF shares. Canaccord Genuity Group raised their target price on e.l.f. Beauty from $110.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Bank of America boosted their price target on e.l.f. Beauty from $100.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $64.00 price objective on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. B. Riley Financial reaffirmed a “buy” rating and issued a $115.00 price objective (up from $100.00) on shares of e.l.f. Beauty in a research note on Wednesday. Finally, Citigroup lifted their target price on e.l.f. Beauty from $100.00 to $118.00 and gave the company a “buy” rating in a research report on Monday.

Insider Activity at e.l.f. Beauty

In related news, insider Kory Marchisotto sold 12,173 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $88.02, for a total transaction of $1,071,467.46. Following the completion of the transaction, the insider directly owned 169,695 shares in the company, valued at $14,936,553.90. This represents a 6.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joshua Franks sold 5,512 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $110.00, for a total transaction of $606,320.00. Following the completion of the transaction, the senior vice president directly owned 138,797 shares of the company’s stock, valued at approximately $15,267,670. The trade was a 3.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 116,223 shares of company stock worth $10,000,410 in the last ninety days. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its stake in shares of e.l.f. Beauty by 1.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,120 shares of the company’s stock valued at $3,043,000 after acquiring an additional 653 shares during the last quarter. Engineers Gate Manager LP bought a new stake in e.l.f. Beauty during the 2nd quarter worth $429,000. Integrated Wealth Concepts LLC acquired a new position in e.l.f. Beauty in the 2nd quarter worth about $56,000. Nykredit A S acquired a new position in e.l.f. Beauty in the 2nd quarter worth about $91,000. Finally, TD Waterhouse Canada Inc. raised its position in e.l.f. Beauty by 31.8% in the second quarter. TD Waterhouse Canada Inc. now owns 1,779 shares of the company’s stock valued at $140,000 after purchasing an additional 429 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $93.46 on Friday. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69. The company has a market cap of $5.51 billion, a PE ratio of 93.46, a price-to-earnings-growth ratio of 2.64 and a beta of 1.60. The company has a 50 day moving average of $92.17 and a 200-day moving average of $74.47. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $149.48.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $1.04. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The business had revenue of $479.37 million for the quarter, compared to analysts’ expectations of $431.20 million. During the same period last year, the firm posted $0.89 earnings per share. The firm’s quarterly revenue was up 35.5% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, equities research analysts forecast that e.l.f. Beauty will post 2.64 earnings per share for the current fiscal year.

About e.l.f. Beauty

e.l.f. Beauty, Inc develops, markets and sells cosmetics, skin care and beauty products. Its portfolio includes e.l.f. Cosmetics, which offers makeup, skin care, tools and accessories, as well as brands such as Naturium, W3LL PEOPLE and Keys Soulcare. The company positions its products as accessible and affordable alternatives across a range of beauty categories.

Founded in 2004, e.l.f. Beauty distributes its products through mass retailers, specialty beauty stores, direct-to-consumer websites and other digital channels.