e.l.f. Beauty (NYSE:ELF) Price Target Raised to $150.00

e.l.f. Beauty (NYSE:ELF) had its price target lifted by Truist Financial from $130.00 to $150.00 in a report published on Wednesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other research firms have also weighed in on ELF. Robert W. Baird reduced their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. DA Davidson restated a “buy” rating and issued a $170.00 price target on shares of e.l.f. Beauty in a research note on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price target on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Stifel Nicolaus dropped their price objective on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group decreased their target price on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $171.82.

e.l.f. Beauty Trading Down 0.3 %

Shares of e.l.f. Beauty stock opened at $128.66 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. e.l.f. Beauty has a 12-month low of $98.50 and a 12-month high of $221.83. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 69.55, a PEG ratio of 3.03 and a beta of 1.49. The firm’s 50-day moving average price is $121.61 and its two-hundred day moving average price is $147.27.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The business had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same quarter last year, the business posted $0.66 EPS. The firm’s revenue for the quarter was up 39.7% on a year-over-year basis. On average, analysts forecast that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock worth $297,442 over the last three months. 3.50% of the stock is owned by company insiders.

Institutional Trading of e.l.f. Beauty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management grew its stake in e.l.f. Beauty by 3.2% in the second quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock valued at $512,000 after acquiring an additional 75 shares during the period. Hanseatic Management Services Inc. grew its position in e.l.f. Beauty by 1.7% in the 2nd quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock valued at $950,000 after purchasing an additional 77 shares during the period. Evergreen Capital Management LLC increased its stake in e.l.f. Beauty by 2.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company’s stock valued at $1,007,000 after purchasing an additional 99 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in e.l.f. Beauty during the second quarter worth $26,000. Finally, Cetera Trust Company N.A raised its holdings in e.l.f. Beauty by 14.4% during the third quarter. Cetera Trust Company N.A now owns 1,030 shares of the company’s stock worth $112,000 after buying an additional 130 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.