e.l.f. Beauty (NYSE:ELF) Lifted to A- at TheStreet

TheStreet upgraded shares of e.l.f. Beauty (NYSE:ELFGet Rating) from a c+ rating to an a- rating in a research report released on Wednesday morning, TheStreetRatingsTable reports.

Several other research firms have also recently weighed in on ELF. Morgan Stanley lifted their target price on e.l.f. Beauty from $39.00 to $42.00 and gave the company an overweight rating in a research note on Thursday. Piper Sandler lowered their target price on e.l.f. Beauty from $29.00 to $24.00 in a research note on Thursday, May 26th. JPMorgan Chase & Co. lifted their target price on e.l.f. Beauty from $30.00 to $35.00 in a research note on Thursday, July 21st. William Blair reissued an outperform rating on shares of e.l.f. Beauty in a research note on Thursday, May 26th. Finally, Raymond James boosted their price target on e.l.f. Beauty from $27.00 to $38.00 and gave the company an outperform rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $37.00.

e.l.f. Beauty Price Performance

NYSE ELF opened at $37.45 on Wednesday. The stock’s 50-day moving average price is $29.93 and its two-hundred day moving average price is $26.99. The company has a current ratio of 2.97, a quick ratio of 1.67 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.96 billion, a PE ratio of 70.66 and a beta of 1.67. e.l.f. Beauty has a 1 year low of $20.49 and a 1 year high of $37.77.

e.l.f. Beauty (NYSE:ELFGet Rating) last posted its quarterly earnings data on Wednesday, May 25th. The company reported $0.06 earnings per share (EPS) for the quarter. e.l.f. Beauty had a return on equity of 11.22% and a net margin of 6.69%. The firm had revenue of $105.14 million for the quarter, compared to the consensus estimate of $91.22 million. During the same quarter in the previous year, the company earned $0.10 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, analysts predict that e.l.f. Beauty will post 0.55 EPS for the current year.

Insider Buying and Selling

In other news, CEO Tarang Amin sold 42,561 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $33.87, for a total transaction of $1,441,541.07. Following the completion of the transaction, the chief executive officer now directly owns 411,915 shares in the company, valued at $13,951,561.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Tarang Amin sold 42,561 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $33.87, for a total transaction of $1,441,541.07. Following the completion of the transaction, the chief executive officer now directly owns 411,915 shares in the company, valued at $13,951,561.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kory Marchisotto sold 16,904 shares of the company’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $26.48, for a total value of $447,617.92. Following the transaction, the insider now owns 159,400 shares of the company’s stock, valued at $4,220,912. The disclosure for this sale can be found here. In the last ninety days, insiders sold 300,480 shares of company stock worth $8,529,868. 8.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Maryland State Retirement & Pension System raised its stake in shares of e.l.f. Beauty by 2.4% in the first quarter. Maryland State Retirement & Pension System now owns 19,364 shares of the company’s stock valued at $500,000 after purchasing an additional 457 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in shares of e.l.f. Beauty by 7.6% in the first quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock valued at $174,000 after purchasing an additional 476 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of e.l.f. Beauty by 6.5% in the first quarter. Teacher Retirement System of Texas now owns 9,664 shares of the company’s stock valued at $250,000 after purchasing an additional 593 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of e.l.f. Beauty by 33.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,800 shares of the company’s stock valued at $83,000 after purchasing an additional 700 shares in the last quarter. Finally, Arizona State Retirement System grew its position in e.l.f. Beauty by 6.0% in the second quarter. Arizona State Retirement System now owns 13,419 shares of the company’s stock valued at $412,000 after acquiring an additional 761 shares during the period. 90.95% of the stock is currently owned by institutional investors and hedge funds.

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. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, 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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