e.l.f. Beauty (NYSE:ELF) Stock Price Up 1.2%

e.l.f. Beauty, Inc. (NYSE:ELF) shot up 1.2% during trading on Thursday . The stock traded as high as $120.65 and last traded at $116.02. 750,825 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 1,739,777 shares. The stock had previously closed at $114.65.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ELF. Stifel Nicolaus increased their price target on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Canaccord Genuity Group boosted their target price on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. B. Riley initiated coverage on e.l.f. Beauty in a report on Tuesday, September 10th. They set a “buy” rating and a $175.00 target price for the company. DA Davidson restated a “buy” rating and issued a $223.00 price objective on shares of e.l.f. Beauty in a report on Wednesday. Finally, TD Cowen lowered their price objective 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $198.80.

e.l.f. Beauty Stock Down 1.5 %

The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average price is $153.71 and its 200 day moving average price is $174.58. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 50.85, a P/E/G ratio of 2.37 and a beta of 1.45.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping 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 business had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. As a group, research analysts forecast that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of the company’s stock in a transaction 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Tarang Amin sold 548 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 214,507 shares in the company, valued at approximately $37,538,725. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty stock in a transaction on Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the sale, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The disclosure for this sale can be found here. Insiders sold a total of 19,304 shares of company stock valued at $3,864,492 over the last 90 days. 5.20% of the stock is owned by company insiders.

Institutional Trading of e.l.f. Beauty

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. acquired a new stake in shares of e.l.f. Beauty in the second quarter valued at approximately $801,693,000. Clearbridge Investments LLC acquired a new stake in e.l.f. Beauty in the 1st quarter worth about $133,940,000. Norges Bank purchased a new stake in e.l.f. Beauty in the 4th quarter valued at about $95,611,000. 1832 Asset Management L.P. purchased a new stake in shares of e.l.f. Beauty during the 1st quarter valued at $61,299,000. Finally, Allspring Global Investments Holdings LLC grew its stake in e.l.f. Beauty by 81.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 468,670 shares of the company’s stock worth $98,758,000 after buying an additional 210,873 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.