e.l.f. Beauty Inc. (NYSE: ELF) stock fell -2.20% on Monday to $123.00 against a previous-day closing price of $125.77. With 1.01 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.12 million shares. During the session, the Household & Personal Products company that operates in wider Consumer Defensive sector, reached to the highest price of $125.70 whereas the lowest price it dropped to was $121.53. The 52-week range on ELF shows that it touched its highest point at $139.85 and its lowest point at $36.77 during that stretch. It currently has a 1-year price target of $149.45. Beta for the stock currently stands at 1.50.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ELF was down-trending over the past week, with a drop of -9.19%, but this was up by 4.82% over a month. Three-month performance surged to 18.18% while six-month performance rose 69.73%. The stock gained 204.46% in the past year, while it has gained 122.42% so far this year. A look at the trailing 12-month EPS for ELF yields 1.77 with Next year EPS estimates of 2.75. For the next quarter, that number is 0.52. This implies an EPS growth rate of 174.00% for this year and 14.25% for next year. EPS is expected to grow by 21.70% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 28.70%.
Float and Shares Shorts:
At present, 53.94 million ELF shares are outstanding with a float of 51.95 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.26 million, which was 4.16% higher than short shares on Jul 30, 2023. In addition to Mr. Tarang P. Amin as the firm’s Chairman, CEO & Pres, Ms. Mandy J. Fields serves as its Sr. VP & CFO.
Through their ownership of 93.46% of ELF’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.02% of ELF, in contrast to 43.21% held by mutual funds. Shares owned by individuals account for 21.56%. As the largest shareholder in ELF with 13.61% of the stake, BlackRock Fund Advisors holds 7,410,157 shares worth 7,410,157. A second-largest stockholder of ELF, The Vanguard Group, Inc., holds 5,842,795 shares, controlling over 10.73% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in ELF, holding 1,930,400 shares or 3.55% stake. With a 6.56% stake in ELF, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 3,572,092 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.90% of ELF stock, is the second-largest Mutual Fund holder. It holds 1,576,364 shares valued at 218.66 million. Vanguard Small Cap Index Fund holds 2.44% of the stake in ELF, owning 1,329,896 shares worth 184.47 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, ELF reported revenue of $122.60M and operating income of $21.43M. The EBITDA in the recently reported quarter was $25.49M and diluted EPS was $0.27.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ELF since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ELF analysts setting a high price target of $176.00 and a low target of $110.00, the average target price over the next 12 months is $149.45. Based on these targets, ELF could surge 43.09% to reach the target high and fall by -10.57% to reach the target low. Reaching the average price target will result in a growth of 21.5% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded ELF stock several times over the past three months with 3 Buys and 21 Sells. In these transactions, 82,930 shares were bought while 120,811 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 165 over the past year. The total number of shares bought during that period was 902,226 while 1,372,246 shares were sold.