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

e.l.f. Beauty (NYSE:ELF - Free Report) had its price objective upped by Raymond James from $95.00 to $105.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a strong-buy rating on the stock.

A number of other research firms have also recently commented on ELF. Canaccord Genuity Group set a $114.00 target price on shares of e.l.f. Beauty in a research report on Thursday. Bank of America boosted their price target on shares of e.l.f. Beauty from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Stifel Nicolaus lowered their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on shares of e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Truist Financial cut their target price on e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $117.76.

e.l.f. Beauty Trading Up 0.7%

Shares of ELF stock traded up $0.78 during trading on Thursday, hitting $113.27. 2,965,754 shares of the stock traded hands, compared to its average volume of 2,505,977. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $219.77. The firm has a market capitalization of $6.39 billion, a P/E ratio of 67.02, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. The firm's fifty day moving average price is $67.23 and its 200-day moving average price is $91.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. The company had revenue of $332.65 million for the quarter, compared to the consensus estimate of $327.45 million. During the same quarter in the previous year, the business earned $0.53 earnings per share. The company's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 97,915 shares of the company's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $5,224,744.40. Following the completion of the transaction, the chief executive officer now owns 181,289 shares in the company, valued at approximately $9,673,581.04. This represents a 35.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the sale, the senior vice president now owns 114,660 shares in the company, valued at $6,118,257.60. This represents a 30.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 223,001 shares of company stock valued at $12,996,483. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nemes Rush Group LLC purchased a new position in e.l.f. Beauty during the 4th quarter worth approximately $27,000. Orion Capital Management LLC acquired a new stake in shares of e.l.f. Beauty in the fourth quarter valued at approximately $30,000. Promus Capital LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter worth approximately $31,000. Kestra Investment Management LLC acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at $32,000. Finally, Golden State Wealth Management LLC purchased a new stake in e.l.f. Beauty in the 1st quarter valued at $33,000. 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.