e.l.f. Beauty (NYSE:ELF) Given New $145.00 Price Target at Robert W. Baird

e.l.f. Beauty (NYSE:ELF - Free Report) had its target price lifted by Robert W. Baird from $110.00 to $145.00 in a research note published on Friday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other research firms have also weighed in on ELF. Canaccord Genuity Group set a $114.00 price target on e.l.f. Beauty in a report on Thursday, May 29th. DA Davidson decreased 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. Raymond James boosted their target price on e.l.f. Beauty from $95.00 to $105.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Bank of America upped their target price on 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. Finally, Jefferies Financial Group set a $115.00 price target on e.l.f. Beauty and gave the stock a "buy" rating in a research note on Thursday, May 29th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $120.71.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF traded up $2.03 during mid-day trading on Friday, reaching $117.83. The stock had a trading volume of 1,992,555 shares, compared to its average volume of 2,520,330. The business's 50 day moving average price is $71.30 and its 200 day moving average price is $91.67. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $219.77. The company has a market cap of $6.65 billion, a P/E ratio of 69.72, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. The business had revenue of $332.65 million for 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%. The company's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. Research analysts expect that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Maureen C. Watson sold 3,875 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $115.00, for a total value of $445,625.00. Following the completion of the transaction, the director now directly owns 1,888 shares of the company's stock, valued at approximately $217,120. The trade was a 67.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kory Marchisotto sold 51,350 shares of the firm'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 directly owns 152,492 shares in the company, valued at approximately $8,136,973.12. The trade was a 25.19% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 309,375 shares of company stock worth $23,170,147. 3.50% of the stock is currently owned by company insiders.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of ELF. Baillie Gifford & Co. increased its holdings in shares of e.l.f. Beauty by 51.0% during the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock valued at $1,005,584,000 after acquiring an additional 2,703,742 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in shares of e.l.f. Beauty by 99.7% during the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after buying an additional 1,111,550 shares during the period. William Blair Investment Management LLC grew its holdings in shares of e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock valued at $289,437,000 after buying an additional 669,321 shares during the last quarter. Aspex Management HK Ltd acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at $73,576,000. Finally, Raymond James Financial Inc. acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at $68,775,000. Hedge funds and other institutional investors 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.