D.A. Davidson Sticks to Its Buy Rating for e.l.f. Beauty (ELF)

D.A. Davidson analyst Linda Bolton Weiser maintained a Buy rating on e.l.f. Beauty (ELF – Research Report) yesterday and set a price target of $170.00. The company’s shares opened today at $126.19.

Bolton Weiser covers the Consumer Cyclical sector, focusing on stocks such as e.l.f. Beauty, The Estée Lauder Companies, and Coty. According to TipRanks, Bolton Weiser has an average return of -0.9% and a 43.41% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for e.l.f. Beauty with a $157.29 average price target, implying a 24.65% upside from current levels. In a report released on December 18, Truist Financial also maintained a Buy rating on the stock with a $150.00 price target.

Based on e.l.f. Beauty’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $301.08 million and a net profit of $19.02 million. In comparison, last year the company earned a revenue of $215.51 million and had a net profit of $33.27 million

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ELF in relation to earlier this year. Earlier this month, Tarang Amin, the CEO of ELF sold 890.00 shares for a total of $122,464.00.

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e.l.f. Beauty (ELF) Company Description:

e.l.f. Beauty, Inc. is a holding company, which engages in the provision of cosmetic and skin-care product. It operates through the U.S and International geographical segments. The company focuses on the e-commerce, national retailers, and international business channels. Its product portfolio includes eyes, lips, face, kits, tools, and skin care categories. The company was founded in 2004 and is headquartered in Oakland, CA.