e.l.f. Beauty Inc (NYSE:ELF) Short Interest Update
e.l.f. Beauty Inc (NYSE:ELF) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 3,080,000 shares, an increase of 11.6% from the June 30th total of 2,760,000 shares. Approximately 7.6% of the company’s stock are sold short. Based on an average trading volume of 887,900 shares, the days-to-cover ratio is currently 3.5 days.
NYSE ELF traded down $0.13 on Friday, reaching $17.86. The company had a trading volume of 1,248,810 shares, compared to its average volume of 787,594. The firm has a market cap of $893.16 million, a price-to-earnings ratio of 51.03 and a beta of 2.34. e.l.f. Beauty has a fifty-two week low of $7.58 and a fifty-two week high of $20.95. The business has a 50 day moving average of $18.41 and a two-hundred day moving average of $15.28. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.59 and a quick ratio of 1.69.
e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, May 21st. The company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.05. The business had revenue of $74.71 million during the quarter, compared to the consensus estimate of $64.11 million. e.l.f. Beauty had a return on equity of 8.43% and a net margin of 6.32%. e.l.f. Beauty’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. As a group, research analysts predict that e.l.f. Beauty will post 0.25 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Pitcairn Co. bought a new stake in e.l.f. Beauty during the second quarter valued at $303,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in e.l.f. Beauty by 56.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,393 shares of the company’s stock valued at $103,000 after buying an additional 1,945 shares during the last quarter. Columbus Circle Investors increased its stake in e.l.f. Beauty by 706.4% in the 2nd quarter. Columbus Circle Investors now owns 631,956 shares of the company’s stock valued at $12,051,000 after buying an additional 553,584 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in e.l.f. Beauty in the 2nd quarter valued at about $599,000. Finally, State Street Corp increased its stake in e.l.f. Beauty by 0.9% in the 1st quarter. State Street Corp now owns 521,635 shares of the company’s stock valued at $5,133,000 after buying an additional 4,877 shares during the last quarter. 85.46% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the company. Jefferies Financial Group lifted their price target on e.l.f. Beauty from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Morgan Stanley boosted their price objective on shares of e.l.f. Beauty from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Piper Sandler boosted their price objective on shares of e.l.f. Beauty from $20.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their price objective on shares of e.l.f. Beauty from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Zacks Investment Research downgraded shares of e.l.f. Beauty from a “buy” rating to a “hold” rating in a research report on Friday, April 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. e.l.f. Beauty currently has an average rating of “Hold” and an average price target of $20.70.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce and e.l.f.
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