e.l.f. Beauty Inc. (NYSE:ELF) saw an upside of 5.68% to $125.15 after adding $6.73on Wednesday. The 5-day average trading volume is 1,203,260 shares of the company’s common stock. It has gained $129.84 in the past week and touched a new high 1 time within the past 5 days. An average of 1,283,355 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,126,780.
ELF’s 1-month performance is 9.68% or $13.65 on its low of $108.01 reached on 07/24/23. The company’s shares have touched a 52-week low of $36.12 and high of $137.48, with the stock’s rally to the 52-week high happening on 08/02/23. YTD, ELF has achieved 126.31% or $69.97 and has reached a new high 43 times. However, the current price is down -8.97% from the 52-week high price.
Insider Transactions
ELF stock investors last saw insider trading activity on Aug 07.AMIN TARANG (Chief Executive Officer) most recently sold 39,740 shares at $130.40 per share on Aug 07. This transaction cost the insider $5,182,175. Chief Executive Officer, AMIN TARANG, sold 16,664 shares at a price of $130.27 on Aug 07. Then, on Aug 04, Director Levitan Lauren Cooks sold 6,750 shares at a price of $129.93 per share. This transaction amounted to $877,043.
Valuation Metrics
ELF stock has a beta of 1.50. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.07 while the price-to-book (PB) in the most recent quarter is 14.30, with the price to cash flow ratio at 73.16.
e.l.f. Beauty Inc.’s quick ratio for the period ended June 29 was 2.50, with the current ratio over the same period at 3.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.13, while the total debt to equity was 0.14. In terms of profitability, the gross margin trailing 12 months is 68.40%. The trailing 12-month EBITDA margin is 14.82% while for the period ending June 29, e.l.f. Beauty Inc.’s operating margin was 15.70%. The firm’s gross profit as reported stood at $390.4 million against revenue of $578.84 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 90.4% to $16.25 million, while revenue of $19.11 million was -17.6% off the previous quarter. Analysts expected ELF to announce $0.56 per share in earnings in its latest quarter, but it posted $1.1, representing a 96.40% surprise. EBITDA for the quarter stood at more than $66.34 million. ELF stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 186.18 million, with total debt at $79.65 million. Shareholders hold equity totaling $54.46 million.
Let’s look briefly at e.l.f. Beauty Inc. (ELF) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 52.84% to suggest the stock is trending Neutral, with historical volatility in this time period at 61.33%.
The stock’s 5-day moving average is $119.68, reflecting a -3.27% or -$4.24 change from its current price. ELF is currently trading +10.79% above its 20-day SMA, +58.73% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +18.81% and SMA200 by+160.49%.
Stochastic %K and %D was 31.21% and 22.32% and the average true range (ATR) pointed at 5.09. The RSI (14) points at 54.06%, while the 14-day stochastic is at 52.22% with the period’s ATR at 4.87. The stock’s 9-day MACD Oscillator is pointing at -4.20 and -6.25 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for e.l.f. Beauty Inc. (NYSE: ELF), Stifel reiterated its a Hold rating for the company but lifted their price target by $87 to $107. Analysts offering their rating for ELF stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ELF as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.
What is ELF’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $110.00 and a high of $164.00, with their median price target at $150.00. Looking at these predictions, the average price target given by analysts is for e.l.f. Beauty Inc. (ELF) stock is $146.00.
