That’s why I Feel Comfortable With e.l.f. Beauty Inc.’s (ELF) Future

At the time of writing, e.l.f. Beauty Inc. [ELF] stock is trading at $55.15, up 2.13%. An important factor to consider is whether the stock is rising or falling in short-term value. The ELF shares have gain 2.85% over the last week, with a monthly amount glided 0.93%, and seem to be holding up well over a long-time horizon.

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On 19, January 2023, e.l.f. Beauty Announces Earnings Release Date for Third Quarter Fiscal 2023 Results. In a post published today on Yahoo Finance, e.l.f. Beauty (NYSE: ELF) (the “Company”) today announced that it will hold a webcast to discuss its third quarter fiscal 2023 results on Wednesday, February 1, 2023, at 4:30 p.m. Eastern Time. A press release detailing the Company’s results will be issued prior to the webcast, which will be hosted by Tarang Amin, Chairman and Chief Executive Officer, and Mandy Fields, Senior Vice President and Chief Financial Officer.

From an analyst’s perspective:

Previously, Canaccord Genuity started tracking the stock with Buy rating on November 17, 2022, and set its price target to $63. On October 11, 2022, upgrade upgraded it’s rating to Overweight and revised its price target to $46 on the stock. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $45 on September 14, 2022. Cowen downgraded its rating to a Market Perform but $36 remained the price target by the analyst firm on August 12, 2022. DA Davidson reiterated a Buy rating for this stock on May 26, 2022, and upped its price target to $42. In a note dated November 04, 2021, Piper Sandler downgraded an Neutral rating on this stock but restated the target price of $34.

For the past year, the stock price of e.l.f. Beauty Inc. fluctuated between $20.49 and $58.76. Currently, Wall Street analysts expect the stock to reach $56.20 within the next 12 months. e.l.f. Beauty Inc. [NYSE: ELF] shares were valued at $55.15 at the most recent close of the market. An investor can expect a potential return of 1.9% based on the average ELF price forecast.

Analyzing the ELF fundamentals

According to e.l.f. Beauty Inc. [NYSE:ELF], the company’s sales were 122.35 billion in the recent quarter, which represents an 33.10% jump. Gross Margin for this corporation currently stands at +58.61% with Operating Margin at +7.60%, Pretax Margin comes in at +6.48%, and Net Margin reading is +5.55%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 53.52 points at the first support level, and at 51.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.12, and for the 2nd resistance point, it is at 57.10.

e.l.f. Beauty Inc. [ELF] reported earnings per share of $0.39 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.23/share, meaning a difference of $0.16 and a surprise factor of 69.60%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.13 per share as compared to estimates of $0.06 per share, a difference of $0.07 representing a surprise of 116.70%.

Ratios To Look Out For

It is important to note that e.l.f. Beauty Inc. [NYSE:ELF] has a current ratio of 3.40. On the other hand, the Quick Ratio is 1.67, and the Cash Ratio is 0.67. Considering the valuation of this stock, the price to sales ratio is 3.53, the price to book ratio is 4.32 and the P/E (TTM) ratio is 88.10.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 7 insider purchases totaling 281,534 shares and 31 insider sales totaling 392,435 shares over the past 3 months. Recent insider trading involved Milsten Scott, that happened on Jan 09 when 55000.0 shares were sold. Chief Executive Officer, AMIN TARANG completed a deal on Jan 05 to sell 16664.0 shares. Meanwhile, Chief Executive Officer AMIN TARANG sold 39740.0 shares on Jan 05.