e.l.f. Beauty (NYSE:ELF) Stock Price Up 3.5%

e.l.f. Beauty, Inc. (NYSE:ELF)’s stock price traded up 3.5% during mid-day trading on Wednesday . The stock traded as high as $170.00 and last traded at $167.01. 580,905 shares changed hands during trading, a decline of 65% from the average session volume of 1,658,635 shares. The stock had previously closed at $161.33.

Analyst Upgrades and Downgrades

Several research firms recently commented on ELF. Canaccord Genuity Group boosted their target price on e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Robert W. Baird raised their target price on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Baird R W raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. lowered their price objective on shares of e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Finally, Bank of America upped their target price on shares of e.l.f. Beauty from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $216.43.

e.l.f. Beauty Trading Up 0.3 %

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 1.60. The firm has a 50-day moving average of $184.99 and a 200-day moving average of $182.10. The firm has a market capitalization of $9.56 billion, a P/E ratio of 76.38, a price-to-earnings-growth ratio of 3.66 and a beta of 1.46.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.16. e.l.f. Beauty had a net margin of 12.47% and a return on equity of 26.64%. The firm had revenue of $321.14 million for the quarter, compared to analysts’ expectations of $292.47 million. On average, equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jennifer Catherine Hartnett sold 9,808 shares of the stock in a transaction dated 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 directly owns 61,647 shares in the company, valued at $11,402,229.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction of $1,814,087.68. Following the completion of the transaction, the insider now owns 61,647 shares in the company, valued at $11,402,229.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction on Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the completion of the sale, the chief executive officer now owns 214,507 shares in the company, valued at approximately $37,538,725. The disclosure for this sale can be found here. Insiders have sold a total of 97,390 shares of company stock valued at $18,264,873 in the last quarter. Insiders own 5.20% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its stake in shares of e.l.f. Beauty by 5.2% in the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after purchasing an additional 126,231 shares during the period. Swiss National Bank lifted its position in e.l.f. Beauty by 0.5% during the first quarter. Swiss National Bank now owns 108,900 shares of the company’s stock valued at $21,348,000 after buying an additional 500 shares during the period. Private Advisor Group LLC purchased a new stake in shares of e.l.f. Beauty in the 1st quarter worth about $417,000. ProShare Advisors LLC increased its stake in shares of e.l.f. Beauty by 22.1% in the 1st quarter. ProShare Advisors LLC now owns 12,411 shares of the company’s stock worth $2,433,000 after acquiring an additional 2,250 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in e.l.f. Beauty by 36.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 608,601 shares of the company’s stock valued at $87,845,000 after acquiring an additional 161,497 shares during the period. 92.44% of the stock is currently owned by hedge funds and other 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.