e.l.f. Beauty (NYSE:ELF) Earns Hold Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of e.l.f. Beauty (NYSE:ELF) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. The brokerage issued a hold rating and a $133.00 target price on the stock.

Several other research analysts also recently issued reports on the company. TD Cowen lowered their price objective on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Canaccord Genuity Group lowered their price objective on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. DA Davidson reaffirmed a “buy” rating and issued a $170.00 price objective on shares of e.l.f. Beauty in a research note on Wednesday. Stifel Nicolaus lowered their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Finally, Morgan Stanley reduced their target price on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.65.

e.l.f. Beauty Stock Up 6.9 %

Shares of NYSE ELF opened at $140.63 on Thursday. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 76.02, a PEG ratio of 3.03 and a beta of 1.49. e.l.f. Beauty has a 12 month low of $98.50 and a 12 month high of $221.83. The stock has a 50-day moving average price of $118.97 and a two-hundred day moving average price of $148.92.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The business’s quarterly revenue was up 39.7% on a year-over-year basis. As a group, analysts forecast that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott Milsten sold 530 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares in the company, valued at $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,205 shares of company stock worth $297,442. Corporate insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On e.l.f. Beauty

A number of institutional investors have recently modified their holdings of ELF. Baillie Gifford & Co. acquired a new position in shares of e.l.f. Beauty during the second quarter worth approximately $801,693,000. Champlain Investment Partners LLC purchased a new stake in e.l.f. Beauty in the 3rd quarter valued at $121,558,000. Swedbank AB purchased a new stake in e.l.f. Beauty in the 3rd quarter valued at $76,321,000. Clearbridge Investments LLC raised its position in e.l.f. Beauty by 84.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after buying an additional 576,383 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in e.l.f. Beauty by 223.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock valued at $60,543,000 after buying an additional 383,478 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

About e.l.f. Beauty

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.