e.l.f. Beauty, Inc. (NYSE:ELF) Receives $34.00 Consensus Target Price from Brokerages

Shares of e.l.f. Beauty, Inc. (NYSE:ELFGet Rating) have been given an average recommendation of “Hold” by the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $34.60.

A number of analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on e.l.f. Beauty from $38.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 30th. Piper Sandler cut their price target on e.l.f. Beauty from $32.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 19th. Zacks Investment Research cut e.l.f. Beauty from a “hold” rating to a “sell” rating in a research note on Thursday, January 27th. Raymond James cut their price target on e.l.f. Beauty from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, April 18th. Finally, StockNews.com started coverage on e.l.f. Beauty in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

NYSE:ELF traded down $0.28 during trading hours on Monday, reaching $24.33. 385,015 shares of the stock were exchanged, compared to its average volume of 347,786. The company has a quick ratio of 1.60, a current ratio of 2.96 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average of $25.25 and a two-hundred day moving average of $28.54. e.l.f. Beauty has a twelve month low of $22.22 and a twelve month high of $33.63. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 64.03 and a beta of 2.01.

e.l.f. Beauty (NYSE:ELFGet Rating) last announced its quarterly earnings data on Wednesday, February 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The business had revenue of $98.12 million for the quarter, compared to analysts’ expectations of $95.05 million. e.l.f. Beauty had a return on equity of 10.77% and a net margin of 5.32%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the firm earned $0.15 earnings per share. On average, research analysts forecast that e.l.f. Beauty will post 0.52 EPS for the current fiscal year.

In other e.l.f. Beauty news, CEO Tarang Amin sold 30,425 shares of the stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $25.47, for a total value of $774,924.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Milsten sold 25,027 shares of the stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $25.47, for a total value of $637,437.69. The disclosure for this sale can be found here. Insiders have sold 106,107 shares of company stock valued at $2,728,706 in the last 90 days. Company insiders own 11.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Summit Global Investments acquired a new stake in e.l.f. Beauty in the first quarter valued at $424,000. TownSquare Capital LLC boosted its stake in shares of e.l.f. Beauty by 63.1% during the first quarter. TownSquare Capital LLC now owns 26,292 shares of the company’s stock valued at $679,000 after acquiring an additional 10,171 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of e.l.f. Beauty by 31.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,195 shares of the company’s stock valued at $186,000 after acquiring an additional 1,739 shares during the last quarter. Congress Asset Management Co. MA boosted its stake in shares of e.l.f. Beauty by 26.0% during the first quarter. Congress Asset Management Co. MA now owns 671,350 shares of the company’s stock valued at $17,341,000 after acquiring an additional 138,663 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its stake in shares of e.l.f. Beauty by 2.4% during the first quarter. Maryland State Retirement & Pension System now owns 19,364 shares of the company’s stock valued at $500,000 after acquiring an additional 457 shares during the last quarter. 94.86% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile (Get Rating)

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f., W3LL PEOPLE, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, 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.

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Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

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e.l.f. Beauty, Inc. (NYSE:ELF) Receives $34.00 Consensus Target Price from Brokerages

e.l.f. Beauty, Inc. (NYSE:ELFGet Rating) has earned an average rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $34.60.

Several equities analysts have issued reports on ELF shares. Zacks Investment Research lowered e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Thursday, January 27th. JPMorgan Chase & Co. dropped their price objective on e.l.f. Beauty from $38.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday, March 30th. Piper Sandler dropped their price objective on e.l.f. Beauty from $32.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, April 19th. StockNews.com started coverage on e.l.f. Beauty in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Raymond James dropped their price objective on e.l.f. Beauty from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, April 18th.

e.l.f. Beauty stock traded down $0.28 during midday trading on Monday, reaching $24.33. The company’s stock had a trading volume of 385,015 shares, compared to its average volume of 347,786. e.l.f. Beauty has a fifty-two week low of $22.22 and a fifty-two week high of $33.63. The company has a quick ratio of 1.60, a current ratio of 2.96 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.27 billion, a P/E ratio of 64.03 and a beta of 2.01. The business has a 50-day simple moving average of $25.25 and a 200-day simple moving average of $28.54.

e.l.f. Beauty (NYSE:ELFGet Rating) last posted its quarterly earnings results on Wednesday, February 2nd. The company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.06. e.l.f. Beauty had a return on equity of 10.77% and a net margin of 5.32%. The company had revenue of $98.12 million for the quarter, compared to analysts’ expectations of $95.05 million. During the same period last year, the firm earned $0.15 earnings per share. e.l.f. Beauty’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, equities analysts forecast that e.l.f. Beauty will post 0.52 earnings per share for the current year.

In other e.l.f. Beauty news, CEO Tarang Amin sold 30,425 shares of the stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $25.47, for a total value of $774,924.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Milsten sold 25,027 shares of the stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $25.47, for a total value of $637,437.69. The disclosure for this sale can be found here. Insiders have sold 106,107 shares of company stock valued at $2,728,706 in the last 90 days. Company insiders own 11.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Summit Global Investments acquired a new stake in e.l.f. Beauty in the first quarter valued at $424,000. TownSquare Capital LLC boosted its stake in shares of e.l.f. Beauty by 63.1% during the first quarter. TownSquare Capital LLC now owns 26,292 shares of the company’s stock valued at $679,000 after acquiring an additional 10,171 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of e.l.f. Beauty by 31.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,195 shares of the company’s stock valued at $186,000 after acquiring an additional 1,739 shares during the last quarter. Congress Asset Management Co. MA boosted its stake in shares of e.l.f. Beauty by 26.0% during the first quarter. Congress Asset Management Co. MA now owns 671,350 shares of the company’s stock valued at $17,341,000 after acquiring an additional 138,663 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its stake in shares of e.l.f. Beauty by 2.4% during the first quarter. Maryland State Retirement & Pension System now owns 19,364 shares of the company’s stock valued at $500,000 after acquiring an additional 457 shares during the last quarter. 94.86% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile (Get Rating)

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f., W3LL PEOPLE, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, 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.

Featured Articles

Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

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.