e.l.f. Beauty (NYSE:ELF) Price Target Increased to $224.00 by Analysts at JPMorgan Chase & Co.

e.l.f. Beauty (NYSE:ELF) had its price objective boosted by JPMorgan Chase & Co. from $182.00 to $224.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 26.27% from the company’s previous close.

Several other equities analysts have also commented on ELF. Baird R W raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. Piper Sandler boosted their price objective on shares of e.l.f. Beauty from $210.00 to $258.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Stifel Nicolaus lifted their price target on e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research note on Monday. Canaccord Genuity Group boosted their price target on e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Finally, Bank of America lifted their target price on e.l.f. Beauty from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.00.

e.l.f. Beauty Stock Up 4.6 %

NYSE ELF opened at $177.40 on Monday. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 79.91, a PEG ratio of 3.72 and a beta of 1.46. The company has a 50 day moving average of $190.83 and a 200-day moving average of $181.03. e.l.f. Beauty has a 1-year low of $88.47 and a 1-year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.16. The firm had revenue of $321.14 million during the quarter, compared to analysts’ expectations of $292.47 million. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. On average, equities research analysts expect that e.l.f. Beauty will post 2.83 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jennifer Catherine Hartnett sold 9,808 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total value of $1,814,087.68. Following the sale, the insider now directly owns 61,647 shares in the company, valued at $11,402,229.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jennifer Catherine Hartnett sold 9,808 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total transaction of $1,814,087.68. Following the completion of the sale, the insider now owns 61,647 shares of the company’s stock, valued at approximately $11,402,229.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the transaction, the senior vice president now owns 71,986 shares in the company, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 120,361 shares of company stock valued at $22,019,033. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ELF. Vanguard Group Inc. grew its position in e.l.f. Beauty by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock worth $873,351,000 after purchasing an additional 79,701 shares in the last quarter. Wellington Management Group LLP increased its position in shares of e.l.f. Beauty by 5.2% during the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after acquiring an additional 126,231 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of e.l.f. Beauty by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 952,863 shares of the company’s stock worth $137,538,000 after purchasing an additional 7,999 shares during the period. Clearbridge Investments LLC bought a new stake in shares of e.l.f. Beauty in the first quarter valued at $133,940,000. Finally, Norges Bank purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at $95,611,000. 92.44% of the stock is owned by institutional investors.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.