e.l.f. Magnificence, Inc. (NYSE:ELF) Receives Common Ranking of “Average Purchase” from Brokerages

Shares of e.l.f. Magnificence, Inc. (NYSE:ELF – Get Rating) have been given a median suggestion of “Average Purchase” by the fifteen analysis corporations which might be presently overlaying the agency, MarketBeat Ratings stories. Three funding analysts have rated the inventory with a maintain ranking and eleven have given a purchase ranking to the corporate. The common 12-month value goal amongst brokers which have lined the inventory within the final 12 months is $52.10.

A variety of equities analysis analysts have issued stories on ELF shares. Canaccord Genuity Group began protection on e.l.f. Magnificence in a analysis be aware on Wednesday, November sixteenth. They issued a “purchase” ranking for the corporate. Piper Sandler boosted their value goal on e.l.f. Magnificence from $46.00 to $55.00 and gave the inventory an “chubby” ranking in a report on Thursday, November third. Raymond James elevated their value goal on shares of e.l.f. Magnificence from $46.00 to $50.00 and gave the corporate an “outperform” ranking in a report on Thursday, November third. Canaccord Genuity Group initiated protection on shares of e.l.f. Magnificence in a report on Thursday, November seventeenth. They set a “purchase” ranking and a $63.00 value goal for the corporate. Lastly, Jefferies Monetary Group elevated their value goal on shares of e.l.f. Magnificence from $39.00 to $46.00 and gave the corporate a “purchase” ranking in a report on Thursday, September twenty second.

e.l.f. Magnificence Worth Efficiency

Shares of e.l.f. Beauty stock opened at $55.30 on Friday. e.l.f. Magnificence has a one 12 months low of $20.49 and a one 12 months excessive of $56.92. The inventory’s fifty day shifting common is $51.98 and its 200 day shifting common is $41.17. The inventory has a market cap of $2.93 billion, a P/E ratio of 87.78, a P/E/G ratio of two.69 and a beta of 1.57. The corporate has a debt-to-equity ratio of 0.25, a fast ratio of two.31 and a present ratio of three.44.

e.l.f. Magnificence (NYSE:ELF – Get Rating) final launched its earnings outcomes on Wednesday, November 2nd. The corporate reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.12. The corporate had income of $122.35 million for the quarter, in comparison with analysts’ expectations of $106.29 million. e.l.f. Magnificence had a web margin of seven.57% and a return on fairness of 11.83%. Promote-side analysts anticipate that e.l.f. Magnificence will publish 0.77 earnings per share for the present 12 months.

Insider Transactions at e.l.f. Magnificence

In different information, CEO Tarang Amin offered 39,744 shares of e.l.f. Magnificence inventory in a transaction that occurred on Wednesday, October fifth. The inventory was offered at a median value of $38.68, for a complete worth of $1,537,297.92. Following the completion of the transaction, the chief govt officer now owns 347,496 shares within the firm, valued at roughly $13,441,145.28. The sale was disclosed in a doc filed with the SEC, which is obtainable by way of the SEC website. In different information, CEO Tarang Amin offered 39,744 shares of the agency’s inventory in a transaction dated Wednesday, October fifth. The shares had been offered at a median value of $38.68, for a complete worth of $1,537,297.92. Following the completion of the sale, the chief govt officer now owns 347,496 shares within the firm, valued at roughly $13,441,145.28. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is obtainable by way of this hyperlink. Additionally, SVP Joshua Allen Franks offered 1,957 shares of the inventory in a transaction that occurred on Tuesday, October 18th. The inventory was offered at a median value of $42.24, for a complete worth of $82,663.68. Following the completion of the sale, the senior vp now owns 114,277 shares within the firm, valued at $4,827,060.48. The disclosure for this sale could be discovered here. Within the final 90 days, insiders offered 149,203 shares of firm inventory price $6,538,360. 8.20% of the inventory is at present owned by firm insiders.

Institutional Inflows and Outflows

A variety of hedge funds have just lately made adjustments to their positions within the inventory. Covestor Ltd boosted its holdings in shares of e.l.f. Magnificence by 8,340.0% within the first quarter. Covestor Ltd now owns 1,266 shares of the corporate’s inventory valued at $33,000 after buying a further 1,251 shares throughout the interval. Counterpoint Mutual Funds LLC purchased a brand new stake in shares of e.l.f. Magnificence within the third quarter valued at about $110,000. BI Asset Administration Fondsmaeglerselskab A S purchased a brand new stake in shares of e.l.f. Magnificence within the third quarter valued at about $117,000. KBC Group NV purchased a brand new stake in shares of e.l.f. Magnificence within the second quarter valued at about $120,000. Lastly, Advisor Group Holdings Inc. raised its holdings in shares of e.l.f. Magnificence by 7.6% within the first quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the corporate’s inventory valued at $174,000 after buying a further 476 shares within the final quarter. 95.14% of the inventory is at present owned by institutional buyers.

e.l.f. Magnificence Firm Profile

e.l.f. Magnificence, Inc, along with its subsidiaries, offers beauty and skincare merchandise underneath the e.l.f. Cosmetics, e.l.f. Pores and skin, Nicely Individuals, and Keys Soulcare model names worldwide. The corporate provides eye, lip, face, face, paw, and skincare merchandise. It sells its merchandise by way of nationwide and worldwide retailers and direct-to-consumer channels, which embody e-commerce platforms in the USA, and internationally primarily by way of distributors.

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