The company e.l.f. Beauty, Inc. is in the business of producing cosmetics (NYSE: ELF). In a research note published on September 21 (EPS), Jefferies Financial Group analysts boosted their projections for the earnings per share that e.l.f. Beauty will generate in the first quarter of 2024. This was done in anticipation of the company’s recent success. S. Wissink of Jefferies Financial Group has revised his former prediction for the quarter, which was set at $0.23 per share. His new projection is $0.24 per share. Over the whole year, it is predicted that e.l.f. Beauty will generate revenue equivalent to $0.63 per share.
On August 3, the most recent earnings report for e.l.f. Beauty was made public. This company’s stock is traded on the New York Stock Exchange (NYSE) under the ticker code ELF. The company’s earnings per share (EPS) for the quarter came in at $0.30, which was $0.14 more than the consensus estimate of $0.16. The return on equity for e.l.f. Beauty came in at 10.9 percent, while the net margin for the company was 6.69 percent.
The actual revenue for the quarter came in at $122.60 million, which was much more than the analysts’ prediction of $109.42 million for the amount of revenue generated during the quarter. ELF began trading at $39.41 on Friday. The stock’s beta rating is 1.59, and its price-to-earnings ratio comes in at 74.36. The value of the company’s stock on the market is around $2.07 billion. During the past 52 weeks, the price of e.l.f. Beauty has ranged from a low of $20.49 to a high of $41.31 at various points during the same 52 weeks. The debt-to-equity ratio comes in at 0.27, the quick ratio comes in at 2.37, the current ratio comes in at 3.51, and the quick ratio comes in at the same 3.51. The company’s moving average over the last fifty days is $36.74, while the moving average for the previous two hundred days is $29.59. In recent times, several additional equity analysts have provided their input on the stock while it was the topic of discussion. DA In a research report released on Thursday, August 4, Davidson shifted their recommendation on the stock from “hold” to “buy” and upped their target price for e.l.f. Beauty shares from $42.00 to $44.00.
Additionally, they boosted their target price from $42.00 to $44.00. In a research note published on August 2, Raymond James increased their price target on e.l.f. Beauty shares from $27.00 to $38.00 gave the company an “outperform” rating. The price objective that JPMorgan Chase & Co. had established for e.l.f. Beauty was raised from thirty to thirty-five dollars in a research note published on July 21. Shares of e.l.f. TheStreet gave beauty a rating of “a-” in a research report published on Wednesday, August 3; the study was made available to the general public. On Friday, August 12, Cowen published a report that downgraded its rating on shares of e.l.f. Beauty from “outperform” to “market perform” and set a price objective of $36.00 for the firm’s stock. Eight of the stock research specialists have given the firm a buy recommendation, while four of the experts have recommended that investors hold off on purchasing the company’s shares. The information was taken from Bloomberg.com, indicating that the stock’s overall price objective is set at $40.30. The average rating for the company is a “moderate buy,” and the website also indicates that at this price.
Other recent news reports indicate that on September 15, corporate insider Kory Marchisotto sold 57,550 company stock. This transaction took place on Thursday.
The stock was bought and sold for a total value of $2,300,273.50, with the average price per share coming in at $39.97. This resulted in the accumulation of cash. As a result of the successful transaction, the corporate insider now directly controls 159,400 shares in the firm, which have a combined value of about $6,371,218. You will have access to the SEC filing if you use this website, which is also the location where the transaction was notified to the public. On Tuesday, August 16, Chief Executive Officer Tarang Amin made a transaction in which he sold 677 shares of company stock. This transaction was related to this topic. The total amount received for the sale of the shares was $25,692.15, which corresponds to a price of $37.95 per share on average. Following the successful completion of the sale, the Chief Executive Officer now personally holds 391,140 shares in the company, the total value of which is $14,843,763. A report outlining the transaction was sent to the Securities and Exchange Commission. The report in full can be found on this website for anyone interested in reading it.
On top of that, corporate insider Kory Marchisotto sold 57,550 company stock on Thursday, September 15. The stock was bought and sold for a total value of $2,300,273.50, with the average price per share coming in at $39.97.
This resulted in the accumulation of cash. After the conclusion of the transaction, the business insider now directly owns 159,400 shares of the company’s stock. Based on the current stock price of $6.371,218. This gives the insider a total value of $6,371,218. The disclosure about the purchase can be seen in this particular location. Insiders of a company have sold 542,746 shares of company stock for a total of $19,538,088 over the preceding three months. Company insiders own 8.20% of the business’s stock.
In the most recent few months, a lot of well-known investors have made modifications to the holdings in ELF that they currently possess. The amount of stock in e.l.f. The beauty owned by Covestor Ltd. rose by 8,340.0% during the first three months of the year. After purchasing an additional 1,251 shares of the company’s stock during the quarter, Covestor Ltd now has 1,266 shares of the company’s stock, which are currently valued at $33,000. These shares were purchased during the third quarter. During the second quarter, KBC Group NV established a new holding in e.l.f. Beauty with an investment value of 120,000 euros. Psagot Value Holdings Ltd., an Israeli company, spent the equivalent of $130,000 over the final three months of 2018 to acquire a new share in e.l.f. Beauty. Elf Beauty was the beneficiary of a 7.6% increase in the holdings that Advisor Group Holdings Inc. made during the first three months of the year. As a result, Advisor Group Holdings Inc. now has a total of 6,765 shares of the company’s stock, which has a combined value of $174,000 due to the purchase of an additional 476 shares throughout the quarter.
The Zurich Kantonalbank is the very last financial institution on the list. During the first three months of 2018, Zurich Cantonalbank saw a 31.9% increase in the number of e.l.f. Beauty shares it had in its portfolio. Zurich Cantonalbank now directly owns 7,195 shares of the company’s stock, which has a total value of $186,000. This was accomplished by purchasing an additional 1,739 shares throughout the quarter. Because of this, the bank now directly owns 7,195 shares of stock, bringing the total amount to 7,195. According to the Swiss National Bank, also known as the Zurich Kantonalbank, “the vast majority of the company’s equity is held by institutional investors.