-0.14 Fall Turns e.l.f. Beauty Inc (ELF) Into A Losing Stock For Investors

e.l.f. Beauty Inc (NYSE:ELF) has a beta value of 1.44 and has seen 0.56 million shares traded in the recent trading session. The company, currently valued at $6.30B, closed the recent trade at $111.67 per share which meant it lost -$0.16 on the day or -0.14% during that session. The ELF stock price is -98.65% off its 52-week high price of $221.83 and 20.78% above the 52-week low of $88.47. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.68 million shares traded. The 3-month trading volume is 2.13 million shares.

The consensus among analysts is that e.l.f. Beauty Inc (ELF) is Buy stock at the moment, with a recommendation rating of 1.53. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 12 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.44.

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e.l.f. Beauty Inc (NYSE:ELF) trade information

Sporting -0.14% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ELF stock price touched $111.67 or saw a rise of 7.5%. Year-to-date, e.l.f. Beauty Inc shares have moved -22.63%, while the 5-day performance has seen it change -0.68%. Over the past 30 days, the shares of e.l.f. Beauty Inc (NYSE:ELF) have changed -34.68%. Short interest in the company has seen 3.89 million shares shorted with days to cover at 1.81.

Wall Street analysts have a consensus price target for the stock at $162, which means that the shares’ value could jump 31.07% from the levels at last check today. The projected low price target is $45.0 while the price target rests at a high of $250.0. In that case, then, we find that the latest price level in today’s session is -123.87% off the targeted high while a plunge would see the stock lose 59.7% from the levels at last check today.

e.l.f. Beauty Inc (ELF) estimates and forecasts

Figures show that e.l.f. Beauty Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -44.18% over the past 6 months, with this year growth rate of 11.01%, compared to 7.90% for the industry. Revenue growth from the last financial year stood is estimated to be 29.10%.

15 analysts offering their estimates for the company have set an average revenue estimate of 289.47M for the current quarter. 15 have an estimated revenue figure of 327.57M for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 47.62% over the past 5 years. Earnings growth for 2024 is a modest 10.62% while over the next 5 years, the company’s earnings are expected to increase by 16.70%.

ELF Dividends

e.l.f. Beauty Inc is expected to release its next earnings report on 2024-Oct-30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

e.l.f. Beauty Inc (NYSE:ELF)’s Major holders

Insiders own 2.65% of the company shares, while shares held by institutions stand at 96.18% with a share float percentage of 98.79%. Investors are also buoyed by the number of investors in a company, with e.l.f. Beauty Inc having a total of 753.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 5.24 million shares worth more than $1.1 billion. As of 2024-06-30, VANGUARD GROUP INC held 9.5706% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 5.08 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.07 billion and represent 9.2711% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. As of Aug 31, 2024, the former fund manager holds about 3.11% shares in the company for having 1.76 shares of worth $195.07 million while later fund manager owns 1.67 shares of worth $185.37 million as of Jun 30, 2024, which makes it owner of about 2.96% of company’s outstanding stock.