A share price of e.l.f. Beauty Inc [ELF] is currently trading at $199.61, up 7.35%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ELF shares have gain 14.73% over the last week, with a monthly amount glided 27.51%, and seem to be holding up well over a long-time horizon.
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On 8, February 2024, e.l.f. Beauty to Present at 2024 Consumer Analyst Group of New York (CAGNY) Conference. In a post published today on Yahoo Finance, e.l.f. Beauty (NYSE: ELF) today announced Chairman and Chief Executive Officer, Tarang Amin, and Senior Vice President and Chief Financial Officer, Mandy Fields will be presenting at the Consumer Analyst Group of New York’s (CAGNY) annual conference in Boca Raton, Fla., on Friday, February 23, 2024 at 11:00 a.m. ET.
From an analyst’s perspective:
e.l.f. Beauty Inc [NYSE: ELF] stock has seen the most recent analyst activity on January 30, 2024, when Robert W. Baird initiated its Neutral rating and assigned the stock a price target of $185. Previously, Morgan Stanley downgraded its rating to Equal-Weight on January 22, 2024, and elevated its price target to $168. On October 23, 2023, upgrade upgraded it’s rating to Strong Buy and revised its price target to $140 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $115 on October 06, 2023. UBS initiated its recommendation with a Buy and recommended $138 as its price target on September 27, 2023. Stifel reiterated a Hold rating for this stock on July 24, 2023, and upped its price target to $107. In a note dated April 14, 2023, Truist reiterated an Buy rating on this stock and boosted its target price from $75 to $100.
e.l.f. Beauty Inc experienced fluctuations in its stock price throughout the past year between $67.59 and $186.96. Currently, Wall Street analysts expect the stock to reach $89 within the next 12 months. e.l.f. Beauty Inc [NYSE: ELF] shares were valued at $199.61 at the most recent close of the market. An investor can expect a potential drop of -55.41% based on the average ELF price forecast.
Analyzing the ELF fundamentals
Trailing Twelve Months sales for e.l.f. Beauty Inc [NYSE:ELF] were 890.15M which represents 84.90% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
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 191.58 points at the first support level, and at 183.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 204.07, and for the 2nd resistance point, it is at 208.52.
e.l.f. Beauty Inc [ELF] reported earnings per share of $0.74 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.56/share, meaning a difference of $0.18 and a surprise factor of 32.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.82 per share as compared to estimates of $0.52 per share, a difference of $0.3 representing a surprise of 57.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for e.l.f. Beauty Inc [NYSE:ELF] is 1.50. Further, the Quick Ratio stands at 0.83, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 12.45, the price to book ratio is 18.01 and price to earnings (TTM) ratio is 88.48.
Transactions by insiders
Insider trading, which has resulted in 0 insider purchases of 0 shares and 1 insider sales of 28,000 shares in the past three months, is now the topic of our analysis. Recent insider trading involved AMIN TARANG, Chief Executive Officer, that happened on Feb 12 when 6705.0 shares were sold. Chief Executive Officer, AMIN TARANG completed a deal on Feb 09 to sell 37795.0 shares. Meanwhile, Chief Executive Officer AMIN TARANG sold 13500.0 shares on Feb 09.
