The stock of e.l.f. Beauty Inc. (NYSE:ELF) decreased by -$10.52 on Tuesday to finish at $112.48, down -8.55 percent. The last five days have seen an average of 1,615,400 shares of common stock traded. 45 times new highs were reached in the current year, with a gain of $57.18. The average number of shares traded over the last 20 days was 1,122,150, while the average volume over the last 50 days totaled 1,141,352.
ELF stock dropped -4.71% since last month. On 09/19/23, the company’s shares reached a one-month low of $110.73. The stock touched a high of $139.85 on 08/31/23, after rallying from a low of $36.77 in 52 weeks. The price of ELF stock has risen by 103.40% or $57.18 this year, reaching a new high 45 times. Still, the stock price is down -19.57% from the 52-week high.
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Insider Transactions
ELF stock investors should be aware that e.l.f. Beauty Inc. (ELF) stock had its last reported insider trading activity 12 days ago on Sep 08. On Sep 08, Director Watson Maureen C. sold 7,894 shares at $136.22 each. This transaction resulted in the insider making $1,075,332. On Sep 07, Franks Joshua Allen sold 12,684 shares at a price of US$134.61. After the transaction, the insider now owns 95,822 shares. Director PRITCHARD BETH M had earlier sold 8,306 shares on Sep 07 for $133.20 a share. The transaction was completed for $1,106,359.
Valuation Metrics
e.l.f. Beauty Inc. (ELF) has a trailing price-to-earnings (P/E) ratio of 63.62. Beta for the stock is 1.50. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 9.43, the price-to-book (PB) ratio of 12.85, and the price-to-cash flow ratio of 68.47.
Financial Health
For the three months ended June 29, e.l.f. Beauty Inc.’s quick ratio was 2.50, while its current ratio was 3.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.13, and the total debt to equity ratio is 0.14. As far as profitability goes, gross margin for the trailing twelve months is 68.40% percent. e.l.f. Beauty Inc.’s EBITDA margin for the year ended June 29 was 14.82%, whereas its operating margin stood at 15.70% for the same period. Based on annual data, it had gross profit of $390.4 million and revenue of $578.84 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ELF’s return on assets (ROA) during the last 12 months has been 17.00%. There was a 13.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 24.60%.
Earnings Surprise
According to e.l.f. Beauty Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $187.36 million, while revenues rose by 43.88% to $146.54 million. It was predicted that e.l.f. Beauty Inc.’s quarterly earnings would be $1.1, but it ended up being $0.56, beating the consensus by 96.40%. EBITDA was $66.34 million for the quarter. At the end of e.l.f. Beauty Inc.’s most recent quarter ended June 29, its liabilities totaled 186.18 million, while its total debt was $79.65 million. Equity owned by shareholders amounts to $54.46 million.
Technical Picture
Here’s a quick look at e.l.f. Beauty Inc.’s (ELF) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 22.30%, suggesting the stock is oversold, with a 44.48% historical volatility rate.
The stochastic %K and %D were 13.58% and 30.75% respectively, while the average true range (ATR) was 5.80. Based on the 14-day stochastic reading of 6.01%, the RSI (14) reading is 32.35%. On the 9-day MACD Oscillator, the stock is at -9.20, and the 14-day reading is at -11.65.
Analyst Ratings
In a note to investors, Stifel maintained its a Hold rating on e.l.f. Beauty Inc. (NYSE: ELF). However, the firm raised their price target to $107, indicating a possible decrease of -29.29% in the stock price. Analysts have assigned e.l.f. Beauty Inc. (ELF) an Overweight rating. ELF is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 8 others recommend it as a buy.
What is ELF’s price target for the next 12 months?
The current consensus forecast for the stock is between $110.00 and $176.00, with a median target price of $150.00. In analyzing these forecasts, the average price target given by analysts for e.l.f. Beauty Inc. (ELF) is $149.45.
