e.l.f. Beauty (NYSE:ELF - Free Report) had its target price hoisted by Robert W. Baird from $110.00 to $145.00 in a report released on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.
ELF has been the topic of several other reports. Canaccord Genuity Group set a $114.00 price objective on shares of e.l.f. Beauty in a report on Thursday, May 29th. Bank of America upped their price objective on e.l.f. Beauty from $80.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. DA Davidson decreased their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Jefferies Financial Group set a $115.00 price objective on e.l.f. Beauty and gave the company a "buy" rating in a report on Thursday, May 29th. Finally, Piper Sandler restated an "overweight" rating and issued a $109.00 price target (up from $81.00) on shares of e.l.f. Beauty in a research note on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $120.71.
View Our Latest Report on ELF
e.l.f. Beauty Stock Performance
Shares of NYSE:ELF traded down $0.99 on Friday, hitting $116.67. The company had a trading volume of 1,666,545 shares, compared to its average volume of 2,523,335. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year high of $219.77. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 69.04, a P/E/G ratio of 6.76 and a beta of 1.52. The stock has a 50 day moving average price of $72.37 and a 200 day moving average price of $91.24. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.
e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. The firm had revenue of $332.65 million for the quarter, compared to the consensus estimate of $327.45 million. During the same period in the previous year, the company earned $0.53 earnings per share. The company's quarterly revenue was up 3.6% on a year-over-year basis. Analysts expect that e.l.f. Beauty will post 2.38 EPS for the current year.
Insider Activity at e.l.f. Beauty
In other e.l.f. Beauty news, insider Kory Marchisotto sold 51,350 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the transaction, the insider now directly owns 152,492 shares of the company's stock, valued at approximately $8,136,973.12. This trade represents a 25.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 114,660 shares in the company, valued at $6,118,257.60. This trade represents a 30.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 327,207 shares of company stock valued at $25,252,926 over the last three months. 3.50% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Cim LLC raised its stake in shares of e.l.f. Beauty by 6.4% during the first quarter. Cim LLC now owns 11,229 shares of the company's stock worth $705,000 after acquiring an additional 671 shares in the last quarter. Strs Ohio purchased a new position in shares of e.l.f. Beauty in the first quarter worth $2,103,000. Peloton Wealth Strategists purchased a new position in shares of e.l.f. Beauty in the first quarter worth $477,000. United Services Automobile Association purchased a new position in shares of e.l.f. Beauty in the first quarter worth $240,000. Finally, Fred Alger Management LLC purchased a new position in shares of e.l.f. Beauty in the first quarter worth $3,754,000. 92.44% of the stock is owned by hedge funds and other institutional investors.
About e.l.f. Beauty
(
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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.
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