How to Buy Elf Beauty Stock
Elf Beauty Inc
Elf Beauty is a household & personal product company located in California, United States, which is part of the Consumer Defensive sector, and is traded under the ticker ELF on the NYSE exchange.
Elf Beauty stock last closed at $163.40, up 0.3% from the previous day, and has increased 80.07% in one year. It has overperformed other stocks in the Household & Personal Products industry by 0.88 percentage points. Elf Beauty stock is currently +94.99% from its 52-week low of $83.80, and -26.34% from its 52-week high of $221.83.
There are currently 55.51M ELF shares outstanding. The market capitalization of ELF is $9.07B. In the past 24 hours, 1.15M ELF shares were traded.
How to Buy Elf Beauty Stock
Wondering how to invest in Elf Beauty stock? Here's how.
- Decide where to buy Elf Beauty stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Elf Beauty stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Choose your payment method and add your info.
- Evaluate Elf Beauty stock: The Elf Beauty ticker symbol is ELF. Is Elf Beauty stock a good investment? Should you buy shares of ELF? How do ELF's underlying business fundamentals look? Do top analysts think Elf Beauty is a good buy? Why has ELF's stock price moved recently? (Hint: Our stock market research website can help you figure out if ELF is a good stock to buy).
- Place your ELF purchase: Decide if you will purchase ELF shares at the current market price or use a limit order to buy ELF stock at a particular price.
- Track your ELF position: Create a watchlist to important updates regarding your investment in Elf Beauty stock.
Step 1: Decide where to buy Elf Beauty stock
You will need a brokerage account in order to access the NYSE market and buy ELF shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the right brokerage, you need to fill out some personal information so you are able to buy ELF today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Deposit funds into your investment account
Now that you have opened your account on the highest rated stock app, your next step is to transfer the money for your investment:
Watch the walkthrough below if you need help depositing money into your new investment account.
Step 4: Evaluate Elf Beauty stock
After you have figured out the best place to buy Elf Beauty stock, it's critical to evaluate their stock prior to investing, so you actually wrap your head around the risk and opportunity.
Elf Beauty quick stats
Elf Beauty Overview
WallStreetZen was built to help everyday investors perform better fundamental analysis.
You can see all of the due diligence checks on ELF's stock page.
What is the fair value of ELF stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge ELF's fair value.
Using relative valuations ratios:
- ELF could be overvalued based on its P/E ratio of 68.66x, relative to Household & Personal Products industry P/E ratio of 33.86x
- ELF may be overvalued based on its P/B ratio of 14.77x, relative to Household & Personal Products industry P/B ratio of 7.11x
You can do additional valuation research on ELF's stock here.
ELF Financial Health Overview
Pros:
- ELF profit margin has gone up from 9.4% to 14.5% in the past year.
- ELF's operating cash flow of $67.02M allows it to safely service it's debt of $286.52M.
- There are more short-term assets than long-term liabilities on the ELF balance sheet.
- There are more short-term assets than short-term liabilities on the ELF balance sheet.
- ELF earnings of $141.20M is not enough to cover its interest payments.
- Total ELF debt is lower than 5 years ago, relative to shareholder equity.
Cons:
- ELF has a relatively high debt to equity ratio of 0.8.
Do analysts think it's a good time to buy Elf Beauty stock
Out of 10 Equities analysts who give ratings on ELF, the consensus analyst rating on Elf Beauty is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent ELF Analyst Upgrades/Downgrades
Dara Mohsenian, a top 4% analyst from Morgan Stanley maintains ELF with a hold rating and raises their ELF price target from $168.00 to $184.00, on Feb 7, 2024.
Mark Astrachan, a top 5% analyst from Stifel Nicolaus maintains ELF with a hold rating and raises their ELF price target from $141.00 to $167.00, on Feb 7, 2024.
Joel Beatty, a top 23% analyst from Baird initiates coverage on ELF with a hold rating and announces their ELF price target of $185.00, on Jan 30, 2024.
Olivia Tong, a top 5% analyst from Raymond James maintains ELF with a strong buy rating and raises their ELF price target from $140.00 to $180.00, on Jan 22, 2024.
Andrea Teixeira, a top 13% analyst from JP Morgan maintains ELF with a strong buy rating and raises their ELF price target from $130.00 to $175.00, on Jan 18, 2024.
JP Morgan's Andrea Teixeira raised their price target on Elf Beauty (NYSE: ELF) by 34.6% from $130 to $175 on 2024/01/18. The analyst maintained their Strong Buy rating on the stock.
Teixeira's update was part of a pre-print review of names in their Consumer Goods (Household and Personal Products) coverage area, published ahead of the release of Estee Lauder Companies' Q2 2024 earnings report on 2024/02/05.
The analyst predicted that the sector will likely see worse Q/Q Q4 earnings as companies no longer benefit from "favorable pricing."
Although "volume comps" become "easier," demand has been relatively modest for most companies, Teixeira added.
However, according to the analyst, it appears 2024 will be a more "ordinary year" as companies with December FY ends look ahead.
2024's organic sales growth for the group should be about 3% to 4%, with a better balance between volume and pricing than before the pandemic, Teixeira detailed.
You can dig deeper into what analysts are projecting on the Elf Beauty stock forecast page.
Metrics for Advanced ELF Traders
Is ELF Making Money?
Last year, ELF earnings were $129.38M. Over the past five year, ELF's earnings have increased by 48.46% per year. This was faster than the Household & Personal Products industry average of 3.01%.
Last year, ELF revenue was $890.15M. Over the past 5 year, ELF's revenue has gone up by 27.19% per year. This was faster than the Household & Personal Products industry average of 4.35%.
Learn more about ELF's earnings and revenue performance here.
Who is buying/selling ELF?
Over the past 12 months, insiders at ELF have sold more shares than they have bought.
Joshua Allen Franks, SVP Operations of ELF, was the latest ELF insider to sell. They sold $28,653.49 worth of ELF stock on Mar 8, 2024.
Get more info about who owns ELF shares here.
Can I rely on ELF as an income stream?
No, Elf Beauty doesn't provide an income stream by paying out dividends.
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Step 5: Place your ELF purchase
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price, use a limit order.
Press the Open button and your broker will place the order.
If you want more help with buying stocks on eToro, watch the how to video below:
Step 6: Track your ELF position
Now that you own some ELF shares, you'll want to keep up with your new shares.
Put ELF on a watchlist to see the latest developments about your ELF stock.
ELF Feed
How to Buy Stock in Elf Beauty
To reiterate, here are the 6 steps for buying Elf Beauty stock:
- Decide where to buy Elf Beauty stock
- Create your brokerage account
- Deposit funds into your investment account
- Evaluate Elf Beauty stock
- Place your ELF purchase
- Track your ELF position
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Elf Beauty, hit the button below to create your watchlist.
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