In yesterday’s Wall Street session, e.l.f. Beauty Inc (NYSE:ELF) shares traded at $98.01, up 3.67% from the previous session.
As of this writing, 14 analysts cover e.l.f. Beauty Inc (NYSE:ELF). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $178.00 and a low of $119.00, we find $136.00. Given the previous closing price of $94.54, this indicates a potential upside of 43.85 percent. ELF stock price is now -13.93% away from the 50-day moving average and -0.09% away from the 200-day moving average. The market capitalization of the company currently stands at $5.39B.
There are 3 analysts who have given it a hold rating, whereas 11 have given it a buy rating. Brokers who have rated the stock have averaged $139.92 as their price target over the next twelve months.
With the price target reduced from $145 to $140, Raymond James Upgraded its rating from Outperform to Strong Buy for e.l.f. Beauty Inc (NYSE: ELF).
In other news, AMIN TARANG, Chief Executive Officer sold 5,880 shares of the company’s stock on Oct 24. The stock was sold for $646,800 at an average price of $110.00. Upon completion of the transaction, the Chief Executive Officer now directly owns 136,499 shares in the company, valued at $13.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16, SVP, Operations Franks Joshua Allen sold 1,750 shares of the business’s stock. A total of $179,532 was realized by selling the stock at an average price of $102.59. This leaves the insider owning 94,072 shares of the company worth $9.22 million. Insiders disposed of 1,479,931 shares of company stock worth roughly $145.05 million over the past 1 year. A total of 4.86% of the company’s stock is owned by insiders.
Thursday morning saw e.l.f. Beauty Inc (NYSE: ELF) opened at $105.58. During the past 12 months, e.l.f. Beauty Inc has had a low of $41.52 and a high of $139.85. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 2.86, and a quick ratio of 1.89. According to the stock market information, the enterprise value for the company is $5.14B, which is based on a 45.90 price-to-earnings ratio, a 2.12 price-to-earnings-growth ratio, and a beta of 1.52. The fifty day moving average price for ELF is $113.33 and a two-hundred day moving average price translates $98.32 for the stock.
The latest earnings results from e.l.f. Beauty Inc (NYSE: ELF) was released for Sep, 2023. According to the Household & Personal Products Company, earnings per share came in at $1.1, beating analysts’ expectations of $0.56 by 0.54. This compares to $0.27 EPS in the same period last year. The net profit margin was 15.88% and return on equity was 27.85% for ELF. The company reported revenue of $216.34 million for the quarter, compared to $122.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 76.46 percent. For the current quarter, analysts expect ELF to generate $196.63M 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.
