Piper Sandler Issues Positive Forecast for e.l.f. Beauty (NYSE:ELF) Stock Price

e.l.f. Beauty (NYSE:ELF) had its target price boosted by Piper Sandler from $165.00 to $167.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages have also weighed in on ELF. Canaccord Genuity Group dropped their price objective on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. TD Cowen lowered their price target on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. The Goldman Sachs Group assumed coverage on e.l.f. Beauty in a report on Friday, December 13th. They set a “buy” rating and a $165.00 price objective for the company. DA Davidson reiterated a “buy” rating and set a $170.00 target price on shares of e.l.f. Beauty in a research note on Thursday, December 19th. Finally, B. Riley reduced their price target on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.94.

e.l.f. Beauty Stock Up 0.4 %

e.l.f. Beauty stock opened at $125.84 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The company’s 50-day moving average is $125.35 and its 200-day moving average is $142.00. The firm has a market capitalization of $7.09 billion, a PE ratio of 68.02, a P/E/G ratio of 3.03 and a beta of 1.50. e.l.f. Beauty has a fifty-two week low of $98.50 and a fifty-two week high of $221.83.

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

Insiders Place Their Bets

In related news, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the sale, the insider now owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the sale, the director now owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is currently owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

A number of hedge funds have recently made changes to their positions in ELF. Ashton Thomas Private Wealth LLC bought a new position in e.l.f. Beauty in the 2nd quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty during the third quarter valued at $25,000. Planning Capital Management Corp lifted its holdings in shares of e.l.f. Beauty by 1,855.0% during the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after purchasing an additional 371 shares during the period. nVerses Capital LLC bought a new stake in shares of e.l.f. Beauty in the third quarter worth $44,000. Finally, Peterson Financial Group Inc. acquired a new stake in e.l.f. Beauty in the third quarter valued at $45,000. 92.44% of the stock is owned by institutional investors and hedge funds.

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.