e.l.f. Beauty (NYSE:ELF) Stock Price Expected to Rise, UBS Group Analyst Says

e.l.f. Beauty (NYSE:ELF) had its price objective hoisted by investment analysts at UBS Group from $156.00 to $158.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 24.25% from the company’s previous close.

A number of other equities analysts also recently issued reports on ELF. Morgan Stanley upgraded e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $139.00 to $153.00 in a research report on Monday, January 13th. Bank of America decreased their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Piper Sandler boosted their price target on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. increased their price objective on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Robert W. Baird lowered their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $169.06.

e.l.f. Beauty Trading Down 5.0 %

ELF 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 fifty-two week low of $98.50 and a fifty-two week high of $221.83. The company’s 50 day moving average price is $129.27 and its two-hundred day moving average price is $137.41. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 68.74, a PEG ratio of 2.17 and a beta of 1.50.

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

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the sale, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott Milsten sold 530 shares of the firm’s 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 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 disclosure for this sale can be found here. In the last three months, insiders have sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is owned by company insiders.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. lifted its holdings in shares of e.l.f. Beauty by 39.5% in the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after purchasing an additional 1,501,151 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in e.l.f. Beauty in the 3rd quarter valued at $121,558,000. Swedbank AB bought a new position in e.l.f. Beauty during the 3rd quarter valued at $76,321,000. Clearbridge Investments LLC boosted its holdings in e.l.f. Beauty by 84.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after acquiring an additional 576,383 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in shares of e.l.f. Beauty by 223.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after acquiring an additional 383,478 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.