Truist Financial Forecasts Strong Price Appreciation for e.l.f. Beauty (NYSE:ELF) Stock

e.l.f. Beauty (NYSE:ELF - Free Report) had its target price lifted by Truist Financial from $75.00 to $125.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

ELF has been the subject of several other reports. Raymond James boosted their price target on e.l.f. Beauty from $95.00 to $105.00 and gave the company a "strong-buy" rating in a report on Thursday. Jefferies Financial Group set a $115.00 price objective on shares of e.l.f. Beauty and gave the company a "buy" rating in a research note on Thursday. DA Davidson lowered their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. B. Riley reissued a "buy" rating and set a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, The Goldman Sachs Group lowered their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $117.76.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock traded up $0.77 during trading on Friday, hitting $112.61. 5,858,897 shares of the company were exchanged, compared to its average volume of 2,501,977. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 66.63, a P/E/G ratio of 6.76 and a beta of 1.31. The firm has a 50 day moving average price of $67.23 and a 200 day moving average price of $91.44.

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

Insider Buying and Selling at e.l.f. Beauty

In other news, insider Kory Marchisotto sold 51,350 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,036.00. Following the sale, the insider now owns 152,492 shares in the company, valued at approximately $8,136,973.12. This represents a 25.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Joshua Allen Franks sold 51,353 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the completion of the sale, the senior vice president now owns 114,660 shares in the company, valued at approximately $6,118,257.60. This trade represents a 30.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 223,001 shares of company stock valued at $12,996,483 in the last ninety days. Insiders own 3.50% of the company's stock.

Institutional Investors Weigh In On e.l.f. Beauty

Institutional investors have recently modified their holdings of the stock. Nemes Rush Group LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at about $27,000. Orion Capital Management LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at about $30,000. Promus Capital LLC acquired a new stake in e.l.f. Beauty during the fourth quarter worth about $31,000. Kestra Investment Management LLC acquired a new stake in e.l.f. Beauty during the fourth quarter worth about $32,000. Finally, Financial Life Planners acquired a new stake in e.l.f. Beauty during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 92.44% of the company's stock.

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.