In today’s recent session, 0.57 million shares of the e.l.f. Beauty Inc (NYSE:ELF) have been traded, and its beta is 1.46. Most recently the company’s share price was $119.66, and it changed around -$2.05 or -1.68% from the last close, which brings the market valuation of the company to $6.74B. ELF at last check was trading at a discount to its 52-week high of $221.83, offering almost -85.38% off that amount. The share price’s 52-week low was $98.50, which indicates that the recent value has risen by an impressive 17.68% since then. We note from e.l.f. Beauty Inc’s average daily trading volume that its 10-day average is 3.85 million shares, with the 3-month average coming to 2.54 million.
e.l.f. Beauty Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.41. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 5 recommended ELF as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. e.l.f. Beauty Inc is expected to report earnings per share of 0.76 for the current quarter.
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e.l.f. Beauty Inc (NYSE:ELF) trade information
Instantly ELF has been showing red trend so far today with a performance of -1.68% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 127.55 on recent trading dayincreased the stock’s daily price by 6.19%. The company’s shares are currently down -17.10% year-to-date, but still down -2.68% over the last five days. On the other hand, e.l.f. Beauty Inc (NYSE:ELF) is 12.22% up in the 30-day period. We can see from the shorts that 4.92 million shares have been sold at a short interest cover period of 2.23 day(s).
The consensus price target as assigned by Wall Street analysts is $162, which translates to bulls needing to increase their stock price by 26.14% from its current value. Analyst projections state that ELF is forecast to be at a low of $45 and a high of $250.
e.l.f. Beauty Inc (ELF) estimates and forecasts
e.l.f. Beauty Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -23.11 percent over the past six months and at a 13.21% annual growth rate that is well above the industry average of 1.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 2.49% in revenue this quarter, and will report an increase of 82.10% in the next quarter. The year-over-year growth rate is expected to be 30.33%, up from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of 328.25M in revenue for the current quarter. 15 analysts expect e.l.f. Beauty Inc to make 380.21M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 270.94M and 321.14M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 21.15%. Forecasts for the next quarter put sales growth at 18.39%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 47.62%. e.l.f. Beauty Inc earnings are expected to increase by 12.94% in 2024, but the outlook is positive 16.28% per year for the next five years.
ELF Dividends
e.l.f. Beauty Inc’s next quarterly earnings report is expected to be released in December.
e.l.f. Beauty Inc (NYSE:ELF)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.64% of e.l.f. Beauty Inc shares, and 101.32% of them are in the hands of institutional investors. The stock currently has a share float of 104.07%. e.l.f. Beauty Inc stock is held by 668.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.5706% of the shares, which is about 5.24 million shares worth $1.1 billion.
BLACKROCK INC., with 9.2711% or 5.08 million shares worth $1.07 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 1.76 shares worth $209.66 million, making up 3.12% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 1.67 shares worth around $198.9 million, which represents about 2.96% of the total shares outstanding.
