Stocks of e.l.f. Beauty Inc. (NYSE:ELF) traded higher last session on Wall Street, down -0.19% to $116.50.
According to the data, e.l.f. Beauty Inc. (NYSE:ELF) has 13 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $134.00 and a low of $90.00, we find $120.00. Given the previous closing price of $116.72, this indicates a potential upside of 2.81 percent. ELF stock price is now 8.23% away from the 50-day moving average and 52.90% away from the 200-day moving average. The market capitalization of the company currently stands at $6.10B.
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A total of 4 analysts have issued a hold rating and 8 have given it a buy rating. Brokers who have rated the stock have averaged $117.82 as their price target over the next twelve months.
With the price target enhanced from $87 to $107, Stifel maintained Hold rating for e.l.f. Beauty Inc. (NYSE: ELF).
In other news, AMIN TARANG, Chief Executive Officer sold 39,740 shares of the company’s stock on Jul 05. The stock was sold for $4,522,303 at an average price of $113.80. Upon completion of the transaction, the Chief Executive Officer now directly owns 252,792 shares in the company, valued at $29.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 05, Chief Executive Officer AMIN TARANG sold 16,664 shares of the business’s stock. A total of $1,894,590 was realized by selling the stock at an average price of $113.69. This leaves the insider owning 289,005 shares of the company worth $33.67 million. Insiders disposed of 1,830,353 shares of company stock worth roughly $213.24 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 SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC during the first quarter worth $19,223,000. WOODLINE PARTNERS LP invested $13,479,000 in shares of ELF during the first quarter. In the first quarter, PORTSIDE WEALTH GROUP, LLC acquired a new stake in e.l.f. Beauty Inc. valued at approximately $10,034,000. ZACKS INVESTMENT MANAGEMENT acquired a new stake in ELF for approximately $9,596,000. GREAT LAKES ADVISORS, LLC purchased a new stake in ELF valued at around $8,673,000 in the second quarter. In total, there are 466 active investors with 97.60% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $116.00 for e.l.f. Beauty Inc. (NYSE: ELF). During the past 12 months, e.l.f. Beauty Inc. has had a low of $32.94 and a high of $120.61. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 2.80, and a quick ratio of 2.10. According to the stock market information, the enterprise value for the company is $6.30B, which is based on a 104.86 price-to-earnings ratio, a 3.93 price-to-earnings-growth ratio, and a beta of 1.50. The fifty day moving average price for ELF is $108.16 and a two-hundred day moving average price translates $76.58 for the stock.
The latest earnings results from e.l.f. Beauty Inc. (NYSE: ELF) was released for Mar, 2023. According to the Household & Personal Products Company, earnings per share came in at $0.42, beating analysts’ expectations of $0.2 by 0.22. This compares to $0.03 EPS in the same period last year. The net profit margin was 10.60% and return on equity was 16.60% for ELF. The company reported revenue of $187.36 million for the quarter, compared to $105.14 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 78.21 percent. For the current quarter, analysts expect ELF to generate $184.02M in revenue.
