On September 19, 2023, e.l.f. Beauty, Inc. (NYSE:ELF) experienced a decline in its stock, with shares trading at $112.75, marking an 8.34% decrease from its previous value. However, prior to this setback, the company had witnessed a positive trend in late August when it announced its acquisition of Naturium for $355 million in a combination of cash and stock. This strategic move was expected to significantly enhance e.l.f.’s presence in the skincare industry, accounting for approximately 18% of its retail sales. The transaction is set to be finalized around September 30, further solidifying e.l.f.’s position in the market.
Despite the recent decline in stock value, e.l.f. has demonstrated impressive growth throughout the year, with a notable increase of 104.30% year-to-date. Analysts have projected a consensus price target of $126.55 for e.l.f. Beauty, indicating a potential 2.9% upside from its current price of $123.00.
e.l.f. Beauty, Inc.
Updated on: 19/09/2023
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
7:00 PM (UTC)
Date:19 September, 2023
|Analyst / firm||Rating|
Linda Bolton Weiser
ELF Stock Shows Mixed Performance on September 19, 2023 with Strong Earnings Growth and High Market Capitalization
ELF stock had a mixed performance on September 19, 2023. The stock opened at $122.32, slightly lower than the previous close of $123.00. Throughout the day, the stock experienced a range of prices, with the lowest point being $110.89 and the highest point reaching $122.40. The trading volume for the day was 2,806,651 shares, which was higher than the average volume of 1,111,592 shares over the past three months. The market capitalization of ELF stood at $6.8 billion.
ELF has shown impressive earnings growth over the past year, with a growth rate of +174.36%. This trend is expected to continue, albeit at a slower pace, with earnings growth projected to be +9.07% for the current year. Looking ahead, the company is anticipated to experience a robust earnings growth rate of +23.67% over the next five years. This positive outlook for earnings growth is supported by the company’s revenue growth of +47.61% in the previous year.
The price-to-earnings (P/E) ratio for ELF stock is 63.4. Additionally, the price/sales ratio stands at 7.87. The price/book ratio is 16.43.
Switching gears, let’s briefly discuss Coty Inc (COTY), a company in the same industry as ELF. On September 19, 2023, Coty Inc’s stock experienced a decline of -0.11 or -0.95%. The next reporting date for Coty Inc is set for November 2, 2023. Analysts are forecasting an earnings per share (EPS) of $0.43 for the current quarter. In the previous year, Coty Inc recorded an annual revenue of $578.8 million and a profit of $61.5 million, resulting in a net profit margin of 10.63%.
ELF operates in the consumer non-durables sector, specifically in the household/personal care industry. The corporate headquarters of ELF is located in Oakland, California.
In conclusion, ELF stock had a mixed performance on September 19, 2023, with a slightly lower opening price compared to the previous close. However, the company has shown strong earnings and revenue growth, which has likely contributed to its market capitalization of $6.8 billion. Investors seem willing to pay a premium for ELF’s earnings, as indicated by the high P/E and price/sales ratios. It will be interesting to monitor the company’s performance in the coming months and how it compares to its industry peers like Coty Inc.
ELF Beauty Inc: Impressive Stock Performance and Positive Outlook for Future Growth
ELF Beauty Inc, a popular cosmetics company, has been garnering attention from investors due to its impressive stock performance. On September 19, 2023, the stock reached a price of $112.51, but analysts are predicting a significant increase in the coming months.
According to data from CNN Money, 11 analysts have offered 12-month price forecasts for ELF Beauty Inc, with a median target of $150.00. The highest estimate stands at $176.00, while the lowest estimate is $110.00. This median estimate represents a remarkable 33.32% increase from the stock’s current price.
Moreover, a consensus among 13 polled investment analysts suggests that buying ELF Beauty Inc stock is a favorable move. This rating has remained steady since January, indicating consistent positive sentiment towards the company.
ELF Beauty Inc’s recent financial performance also contributes to its positive outlook. In the current quarter, the company reported earnings per share of $0.43 and sales amounting to $164.1 million. These figures demonstrate the company’s ability to generate profits and maintain a strong market presence.
Investors are eagerly awaiting the company’s upcoming reporting date on November 2, where they hope to gain further insights into ELF Beauty Inc’s financial performance and potential future growth.
The positive outlook for ELF Beauty Inc can be attributed to several factors. Firstly, the cosmetics industry has experienced steady growth in recent years, with consumers increasingly investing in beauty and personal care products. As a well-known and trusted brand, ELF Beauty Inc is well-positioned to capitalize on this trend.
Additionally, the company has a strong product portfolio, offering a wide range of affordable and high-quality cosmetics. This diversity allows ELF Beauty Inc to cater to a broad consumer base and maintain a competitive edge in the market.
Furthermore, ELF Beauty Inc has demonstrated a commitment to innovation and staying ahead of industry trends. The company frequently introduces new products and collaborates with influencers and celebrities to create buzz and generate consumer interest.
Overall, the future looks promising for ELF Beauty Inc. With an anticipated increase in stock price and a positive consensus among investment analysts, the company is well-positioned for growth. Investors should keep a close eye on the upcoming reporting date and consider taking advantage of the potential opportunities offered by ELF Beauty Inc.