e.l.f. Beauty Inc [ELF] stock prices are up 1.64% to $206.42 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ELF shares have gain 1.11% over the last week, with a monthly amount glided 12.48%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
e.l.f. Beauty Inc [NYSE: ELF] stock has seen the most recent analyst activity on June 18, 2024, when Canaccord Genuity reiterated its Buy rating and also boosted its price target to $250 from $214. Previously, TD Cowen upgraded its rating to Buy on April 17, 2024, and dropped its price target to $190. On January 30, 2024, Robert W. Baird initiated with a Neutral rating and assigned a price target of $185 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and increased its price target to $168 on January 22, 2024. Raymond James upgraded its rating to a Strong Buy and reduced its price target to $140 on October 23, 2023. Jefferies upgraded its rating to Buy for this stock on October 06, 2023, and upped its price target to $115. In a note dated September 27, 2023, UBS initiated an Buy rating and provided a target price of $138 on this stock.
The stock price of e.l.f. Beauty Inc [ELF] has been fluctuating between $88.47 and $221.83 over the past year. Currently, Wall Street analysts expect the stock to reach $159.5 within the next 12 months. e.l.f. Beauty Inc [NYSE: ELF] shares were valued at $206.42 at the most recent close of the market. An investor can expect a potential drop of -22.73% based on the average ELF price forecast.
Analyzing the ELF fundamentals
The e.l.f. Beauty Inc [NYSE:ELF] reported sales of 1.02B for trailing twelve months, representing a surge of 71.41%. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.23 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.42.
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 202.16 points at the first support level, and at 197.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 210.53, and for the 2nd resistance point, it is at 214.64.
Ratios To Look Out For
It’s worth pointing out that e.l.f. Beauty Inc [NYSE:ELF]’s Current Ratio is 1.59. On the other hand, the Quick Ratio is 0.95, and the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 11.37, the price to book ratio is 17.86 and price to earnings (TTM) ratio is 93.09.
Transactions by insiders
Recent insider trading involved AMIN TARANG, Chief Executive Officer, that happened on Jul 05 ’24 when 15386.0 shares were sold. Chief Executive Officer, AMIN TARANG completed a deal on Jul 05 ’24 to sell 6832.0 shares. Meanwhile, Director WOLFORD RICHARD G sold 11072.0 shares on Jun 07 ’24.
