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. Recently, Yahoo Finance discussed the stock, revealing that e.l.f. Beauty to Present at 2024 Consumer Analyst Group of New York (CAGNY) Conference.

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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 $171.54 and fluctuated between $174.20 as its day high and $167.67 as its day low. The current market capitalization of e.l.f. Beauty Inc is $9.47B. A total of 1.9 million shares were traded on the day, compared to an average of 1.49M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ELF has seen 0 BUY and 5 SELL insider trades, representing the acquisition of 0 and the disposition of 36,120 shares. Over the last 12 months, there were 30 BUYs and 175 SELLs from insiders. Insiders purchased 508,382 shares during that period but sold 1,006,476.

In the most recent transaction, AMIN TARANG sold 23,519 shares of ELF for 168.21 per share on Feb 05. After the transaction, the Chief Executive Officer now owns 27,576 company shares. In a previous transaction on Jan 09, Franks Joshua Allen sold 14,500 shares at 152.71 per share. ELF shares that SVP, Operations owns now total 91,003.

Among the insiders who sold shares, Milsten Scott disposed of 10,000 shares on Jan 08 at a per-share price of $150.06. This resulted in the holding 79,104 shares of ELF after the transaction. In another insider transaction, Franks Joshua Allen sold 200 shares at $152.53 per share on Jan 08. Company shares held by the SVP, Operations now total 91,003.

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 $198.62 with high estimates of $220.00 and low estimates of $167.00. In terms of 52-week highs and lows, ELF has a high of $174.65 and a low of $67.59.

As of this writing, ELF has an earnings estimate of $Cleveland-Cliffs Inc. per share for the current quarter. EPS was calculated based on a consensus of e.l.f. Beauty, Inc. estimates, with a high estimate of $Enerplus Corporation per share and a lower estimate of $Estee Lauder Companies, Inc. (T.

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 $117.00M in debt and $65.02M in liabilities at the time. Its Book Value Per Share was $11.08, 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 4.33.

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