e.l.f. Beauty Inc [ELF] stock prices are up 1.54% to $107.20 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ELF shares have lost -0.69% over the last week, with a monthly amount drifted -2.18%, and not 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 October 16, 2024, when Truist reiterated its Buy rating and also revised its price target to $130 from $210. Previously, B. Riley Securities started tracking the stock with Buy rating on September 10, 2024, and set its price target to $175. On September 09, 2024, BofA Securities reiterated its Buy rating and revised its price target to $190 on the stock. Robert W. Baird upgraded its rating to a Outperform and increased its price target to $230 on July 18, 2024. Canaccord Genuity reiterated its recommendation of a Buy and raised its price target to $250 on June 18, 2024. TD Cowen upgraded its rating to Buy for this stock on April 17, 2024, and downed its price target to $190. In a note dated January 30, 2024, Robert W. Baird initiated an Neutral rating and provided a target price of $185 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 $147.73 within the next 12 months. e.l.f. Beauty Inc [NYSE: ELF] shares were valued at $107.20 at the most recent close of the market. An investor can expect a potential return of 37.81% based on the average ELF price forecast.
Analyzing the ELF fundamentals
The e.l.f. Beauty Inc [NYSE:ELF] reported sales of 1.13B for trailing twelve months, representing a surge of 49.99%. 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 105.30 points at the first support level, and at 103.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 108.45, and for the 2nd resistance point, it is at 109.70.
Ratios To Look Out For
It’s worth pointing out that e.l.f. Beauty Inc [NYSE:ELF]’s Current Ratio is 1.77. On the other hand, the Quick Ratio is 1.10, and the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 5.34, the price to book ratio is 8.59 and price to earnings (TTM) ratio is 50.97.
Transactions by insiders
Recent insider trading involved AMIN TARANG, Chief Executive Officer, that happened on Sep 05 ’24 when 16688.0 shares were sold. Chief Executive Officer, AMIN TARANG completed a deal on Sep 05 ’24 to sell 6840.0 shares. Meanwhile, Director TP AMIN IRREVOCABLE TRUST U/T/ bought 3420.0 shares on Sep 05 ’24.
