e.l.f. Beauty (NYSE:ELF) Stock Price Up 5.2% Following Analyst Upgrade

e.l.f. Beauty, Inc. (NYSE:ELF)’s share price shot up 5.2% during trading on Thursday after UBS Group raised their price target on the stock from $156.00 to $158.00. UBS Group currently has a buy rating on the stock. e.l.f. Beauty traded as high as $135.86 and last traded at $135.15. 518,477 shares were traded during mid-day trading, a decline of 59% from the average session volume of 1,279,061 shares. The stock had previously closed at $128.41.

A number of other equities research analysts have also issued reports on ELF. Stifel Nicolaus decreased their target price 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. Truist Financial lifted their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Piper Sandler lifted their target price on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. B. Riley decreased their target price on shares of 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. Finally, Morgan Stanley raised shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $139.00 to $153.00 in a research note on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.06.

Insider Buying and Selling

In other news, insider Scott Milsten sold 530 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now owns 68,853 shares in the company, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now owns 1,888 shares in the company, valued at approximately $245,440. The trade was a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 in the last quarter. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty during the 3rd quarter worth about $25,000. Planning Capital Management Corp increased its holdings in shares of e.l.f. Beauty by 1,855.0% during the 3rd 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 position in shares of e.l.f. Beauty during the 3rd quarter worth about $44,000. Peterson Financial Group Inc. bought a new position in shares of e.l.f. Beauty during the 3rd quarter worth about $45,000. Finally, Blue Trust Inc. boosted its position in shares of e.l.f. Beauty by 2,357.1% during the 3rd quarter. Blue Trust Inc. now owns 516 shares of the company’s stock valued at $56,000 after acquiring an additional 495 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The firm’s 50-day moving average price is $128.77 and its two-hundred day moving average price is $137.97. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 72.52, a price-to-earnings-growth ratio of 2.17 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating 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 period in the previous year, the business earned $0.66 EPS. The firm’s revenue was up 39.7% on a year-over-year basis. Sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

About e.l.f. Beauty

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.