The price of e.l.f. Beauty Inc. (NYSE:ELF) shares last traded on Wall Street rose 4.39% to $58.05.
Based on available information, 13 analysts follow e.l.f. Beauty Inc. (NYSE:ELF). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $65.00 and a low of $36.00, we find $55.00. Given the previous closing price of $55.61, this indicates a potential downside of -1.1 percent. ELF stock price is now 11.01% away from the 50-day moving average and 58.48% away from the 200-day moving average. The market capitalization of the company currently stands at $2.94B.
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Among analysts, 3 rate the stock a hold while 9 rate it a buy. Brokers who have rated the stock have averaged $54.30 as their price target over the next twelve months.
With the price target of $63, Canaccord Genuity recently initiated with Buy rating for e.l.f. Beauty Inc. (NYSE: ELF). On October 11, 2022, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $35 to quote $46, while ‘BofA Securities’ rates the stock as ‘Buy’.
In other news, Milsten Scott, sold 5,000 shares of the company’s stock on Dec 30. The stock was sold for $275,438 at an average price of $55.09. Upon completion of the transaction, the now directly owns 127,560 shares in the company, valued at $7.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 05, Chief Executive Officer AMIN TARANG sold 16,672 shares of the business’s stock. A total of $905,358 was realized by selling the stock at an average price of $54.30. This leaves the insider owning 347,337 shares of the company worth $20.16 million. Insiders disposed of 1,495,249 shares of company stock worth roughly $86.8 million over the past 1 year. A total of 2.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ELF stock. A new stake in e.l.f. Beauty Inc. shares was purchased by CALAMOS ADVISORS LLC during the first quarter worth $8,762,000. LISANTI CAPITAL GROWTH, LLC invested $8,347,000 in shares of ELF during the first quarter. In the first quarter, FEDERATED HERMES, INC. acquired a new stake in e.l.f. Beauty Inc. valued at approximately $8,318,000. ALGERT GLOBAL LLC acquired a new stake in ELF for approximately $5,848,000. TUDOR INVESTMENT CORP ET AL purchased a new stake in ELF valued at around $5,370,000 in the second quarter. In total, there are 293 active investors with 97.60% ownership of the company’s stock.
A candlestick chart of e.l.f. Beauty Inc. (NYSE: ELF) showed a price of $56.04 on Friday morning. During the past 12 months, e.l.f. Beauty Inc. has had a low of $20.49 and a high of $57.00. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 3.40, and a quick ratio of 2.30. The fifty day moving average price for ELF is $52.59 and a two-hundred day moving average price translates $36.79 for the stock.
The latest earnings results from e.l.f. Beauty Inc. (NYSE: ELF) was released for Jun, 2022. According to the Household & Personal Products Company, earnings per share came in at $0.39, beating analysts’ expectations of $0.23 by 0.16. This compares to $0.11 EPS in the same period last year. The net profit margin was 7.60% and return on equity was 10.40% for ELF. The company reported revenue of $122.35 million for the quarter, compared to $91.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 33.2 percent. For the current quarter, analysts expect ELF to generate $104.63M in revenue.
e.l.f. Beauty Inc.(ELF) Company Profile
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. The company was formerly known as J.A. Cosmetics Holdings, Inc. and changed its name to e.l.f. Beauty, Inc. in April 2016. e.l.f. Beauty, Inc. was founded in 2004 and is headquartered in Oakland, California.
