e.l.f. Beauty (NYSE:ELF) Price Target Raised to $163.00

e.l.f. Beauty (NYSE:ELF) had its target price upped by JPMorgan Chase & Co. from $154.00 to $163.00 in a report published on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

ELF has been the topic of a number of other reports. Morgan Stanley upgraded shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $139.00 to $153.00 in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They set a “hold” rating and a $133.00 price target on the stock. Truist Financial upped their price objective on 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. DA Davidson reiterated a “buy” rating and issued a $170.00 target price on shares of e.l.f. Beauty in a research report on Thursday, December 19th. Finally, Jefferies Financial Group dropped their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $169.06.

e.l.f. Beauty Stock Down 5.0 %

Shares of e.l.f. Beauty stock opened at $127.17 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. e.l.f. Beauty has a 1-year low of $98.50 and a 1-year high of $221.83. The business has a 50-day moving average of $129.27 and a 200-day moving average of $136.94. The company has a market capitalization of $7.16 billion, a PE ratio of 68.74, a P/E/G ratio of 2.17 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data 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 return on equity of 19.34% and a net margin of 8.87%. The company had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. During the same period in the previous year, the business earned $0.66 EPS. e.l.f. Beauty’s revenue for the quarter was up 39.7% compared to the same quarter last year. As a group, equities analysts forecast that e.l.f. Beauty will post 2.8 EPS for the current fiscal year.

Insider Buying and Selling

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

Hedge Funds Weigh In On e.l.f. Beauty

Several hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in e.l.f. Beauty by 61.6% during the second quarter. Envestnet Asset Management Inc. now owns 149,702 shares of the company’s stock worth $31,545,000 after acquiring an additional 57,039 shares during the period. Moors & Cabot Inc. bought a new stake in shares of e.l.f. Beauty in the 2nd quarter worth approximately $240,000. Edgestream Partners L.P. bought a new stake in e.l.f. Beauty during the second quarter worth approximately $214,000. Blair William & Co. IL grew its position in e.l.f. Beauty by 1.7% in the second quarter. Blair William & Co. IL now owns 20,518 shares of the company’s stock worth $4,324,000 after buying an additional 334 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of e.l.f. Beauty by 263.2% in the second quarter. Hsbc Holdings PLC now owns 7,405 shares of the company’s stock valued at $1,559,000 after buying an additional 5,366 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.