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Tuesday, December 5, 2023

e.l.f. Beauty Inc (ELF): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for e.l.f. Beauty Inc (ELF) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.24, or -0.24%, to $97.90. The e.l.f. Beauty Inc has recorded 32,919 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that e.l.f. Beauty Announces Second Quarter Fiscal 2024 Results.

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Stocks Info

This NYSE-listed company operates within the Household & Personal Products industry segment, falling under the Consumer Defensive sector. At the end of the last regular session, the stock closed at $98.14 and fluctuated between $102.79 as its day high and $97.63 as its day low. The current market capitalization of e.l.f. Beauty Inc is $5.42B. A total of 1.71 million shares were traded on the day, compared to an average of 1.41M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ELF has seen 11 BUY and 43 SELL insider trades, representing the acquisition of 60,252 and the disposition of 167,303 shares. Over the last 12 months, there were 38 BUYs and 185 SELLs from insiders. Insiders purchased 780,680 shares during that period but sold 1,323,523.

In the most recent transaction, AMIN TARANG sold 11,760 shares of ELF for 98.60 per share on Nov 06. After the transaction, the Chief Executive Officer now owns 128,155 company shares. In a previous transaction on Oct 24, AMIN TARANG sold 5,880 shares at 110.00 per share. ELF shares that Chief Executive Officer owns now total 136,499.

Among the insiders who sold shares, Franks Joshua Allen disposed of 1,750 shares on Oct 16 at a per-share price of $102.59. This resulted in the SVP, Operations holding 94,072 shares of ELF after the transaction. In another insider transaction, AMIN TARANG sold 11,760 shares at $96.81 per share on Oct 05. Company shares held by the Chief Executive Officer now total 140,671.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ELF in the last 3 months, the mean price target is $139.92 with high estimates of $178.00 and low estimates of $119.00. In terms of 52-week highs and lows, ELF has a high of $139.85 and a low of $48.10.

As of this writing, ELF has an earnings estimate of $0.52 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.62 per share and a lower estimate of $0.38. The company reported an EPS of $0.42 in the last quarter, which was 110.00% higher than expectations of $0.2.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ELF’s latest balance sheet shows that the firm has $43.35M in Cash & Short Term Investments as of fiscal 2022. There were $112.61M in debt and $65.02M in liabilities at the time. Its Book Value Per Share was $9.45, while its Total Shareholder’s Equity was $312.43M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ELF is Buy with a score of 4.50.

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