e.l.f. Beauty (NYSE:ELF) Stock Price Up 1.3%

e.l.f. Beauty, Inc. (NYSE:ELF)’s share price shot up 1.3% during trading on Tuesday . The stock traded as high as $115.50 and last traded at $114.69. 600,481 shares traded hands during trading, a decline of 65% from the average session volume of 1,733,865 shares. The stock had previously closed at $113.19.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ELF shares. Canaccord Genuity Group upped their target price on shares of 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. Truist Financial upped their price objective on shares of e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. TD Cowen lowered their target price on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 12th. B. Riley started coverage on e.l.f. Beauty in a research note on Tuesday, September 10th. They issued a “buy” rating and a $175.00 price target on the stock. Finally, Stifel Nicolaus lifted their price objective on e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and an average price target of $198.80.

e.l.f. Beauty Trading Down 0.7 %

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. The stock has a 50-day simple moving average of $161.14 and a two-hundred day simple moving average of $176.84. The firm has a market cap of $6.29 billion, a PE ratio of 50.86, a price-to-earnings-growth ratio of 2.37 and a beta of 1.45.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The firm had revenue of $324.48 million for the quarter, compared to analysts’ expectations of $303.60 million. As a group, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the transaction, the chief executive officer now directly owns 214,507 shares in the company, valued at $37,538,725. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the sale, the chief executive officer now owns 214,507 shares of the company’s stock, valued at approximately $37,538,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the transaction, the senior vice president now directly owns 71,986 shares in the company, valued at $14,489,342.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,304 shares of company stock valued at $3,864,492. 5.20% of the stock is owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Precision Wealth Strategies LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter valued at about $254,000. Principal Securities Inc. bought a new position in shares of e.l.f. Beauty during the 4th quarter valued at approximately $117,000. QRG Capital Management Inc. raised its holdings in e.l.f. Beauty by 10.4% during the 4th quarter. QRG Capital Management Inc. now owns 3,025 shares of the company’s stock valued at $437,000 after buying an additional 284 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in e.l.f. Beauty by 28.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,310 shares of the company’s stock worth $622,000 after buying an additional 952 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in e.l.f. Beauty by 60.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,019 shares of the company’s stock valued at $1,324,000 after acquiring an additional 3,760 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile

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.