elf Magnificence, Inc. (NYSE: ELF – Get Score) – William Blair lowered his second quarter 2023 earnings per share estimates for shares of elf Magnificence in a analysis report launched Wednesday, Aug.3. William Blair analyst J. Andersen now expects the corporate to submit earnings per share of $ 0.06 for the quarter, down from its earlier estimate of $ 0.11. William Blair at the moment has an “Outperform” score on the inventory. The consensus estimate for Elf Magnificence’s present full-year earnings is $ 0.56 per share. William Blair additionally issued estimates for Elf Magnificence’s third quarter 2023 earnings at $ 0.12 EPS.
elf Magnificence (NYSE: ELF – Get Score) final launched earnings outcomes on Wednesday, Could 25. The corporate posted EPS $ 0.06 for the quarter. The corporate reported income of $ 105.14 million in the course of the quarter, in contrast with analysts’ estimates of $ 91.22 million. elf Magnificence had a return on fairness of 10.95% and a web margin of 6.69%. The corporate’s revenues elevated 13.4% in comparison with the identical quarter final yr. In the identical interval of the earlier yr, the corporate posted $ 0.10 EPS.
Different fairness analysts have additionally just lately launched analysis reviews on the corporate. On Thursday, July 21, JPMorgan Chase & Co. raised the Magnificence Elf’s goal value from $ 30.00 to $ 35.00 in a analysis word. Piper Sandler lowered her Elf Magnificence value goal from $ 29.00 to $ 24.00 in a analysis word Thursday, Could 26. Morgan Stanley raised elf Magnificence’s goal share value from $ 39.00 to $ 42.00 and gave the corporate an “chubby” score in a report Thursday. Raymond James raised elf Magnificence’s goal share value from $ 27.00 to $ 38.00 and assigned the corporate an “outperformance” score in a report on Tuesday, Aug. 2. Lastly, TheStreet elevated Elf Magnificence’s inventory from a “c +” score to an “a-” score in a report on Wednesday, Aug. 3. Two analysts rated the inventory with a maintain score and 6 gave the corporate a purchase score. Primarily based on information from MarketBeat.com, elf Magnificence at the moment has a “Reasonable Purchase” consensus score and a consensus goal value of $ 37.00.
elf Magnificence Value Efficiency
ELF shares opened at $ 37.45 on Monday. elf Magnificence has a 52-week low of $ 20.49 and a 52-week excessive of $ 37.77. The corporate has a 50-day easy shifting common of $ 29.93 and a two-hundred-day easy shifting common of $ 26.98. The corporate has a market capitalization of $ 1.96 billion, a P / E ratio of 70.66 and a beta of 1.67. The corporate has a debt-to-equity ratio of 0.27, a fast ratio of 1.67, and a present ratio of three.51.
Institutional buyers weigh on the great thing about the elves
Quite a lot of massive buyers have just lately elevated or decreased their holdings within the inventory. Psagot Worth Holdings Ltd. Israel acquired a brand new fairness curiosity in elf Magnificence in the course of the fourth quarter valued at $ 130,000. Blair William & Co. IL elevated its stake in elf Magnificence by 133.5% in This autumn. Blair William & Co. IL now owns 23,512 shares within the firm value $ 781,000 after buying an extra 13,443 shares within the final quarter. The Public Sector Pension Funding Board elevated its stake in elf Magnificence by 1.2% within the 4th quarter. The Public Sector Pension Funding Board now owns 97,510 shares within the firm value $ 3,238,000 after shopping for one other 1,170 shares within the final quarter. The New York State Widespread Retirement Fund elevated its holding in elf Magnificence by 10.3% in This autumn. The New York State Widespread Retirement Fund now owns 36,496 shares within the firm value $ 1,212,000 after shopping for an extra 3,422 shares within the final quarter. Lastly, Royce & Associates LP acquired a brand new stake in elf Magnificence within the first quarter value $ 788,000. Institutional buyers personal 90.95% of the corporate’s shares.
Privileged operations at elf Magnificence
In different Elf Magnificence information, CEO Tarang Amin offered 42,561 shares of the corporate in a transaction dated Monday, Aug.1. The shares have been offered at a mean value of $ 33.87, for a complete worth of $ 1,441,541.07. Following the completion of the sale, the CEO now immediately owns 411,915 shares within the firm, valued at $ 13,951,561.05. The sale was disclosed in a doc filed with the Securities & Alternate Fee, accessible by way of this hyperlink. In associated information, insider Mandy J. Fields offered 35,389 shares of the corporate in a transaction that occurred on Thursday, June 30. The shares have been offered at a mean value of $ 30.03, for a complete worth of $ 1,062,731.67. Following the completion of the transaction, the insider now immediately owns 121,786 shares of the corporate, valued at roughly $ 3,657,233.58. The sale was revealed in a doc filed with the SEC, out there by way of this hyperlink. Moreover, CEO Tarang Amin offered 42,561 shares of the corporate in a transaction that occurred on Monday, Aug.1. The inventory offered at a mean value of $ 33.87, for a complete transaction of $ 1,441,541.07. After the completion of the transaction, the CEO now owns 411,915 shares within the firm, valued at $ 13,951,561.05. The knowledge for this sale might be discovered right here. Up to now ninety days, insiders have offered 300,480 shares of the corporate for a price of $ 8,529,868. The corporate’s insiders personal 8.20% of the corporate’s shares.
About elf Magnificence
elf Magnificence, Inc, together with its subsidiaries, provides beauty and skincare merchandise underneath the elf Cosmetics, elf Pores and skin, Properly Folks and Keys Soulcare manufacturers worldwide. The corporate presents merchandise for the care of eyes, lips, face, face, paws and pores and skin. It sells its merchandise by nationwide and worldwide retailers and direct-to-consumer channels, which embody e-commerce platforms in the US, and internationally primarily by distributors.
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