e.l.f. Beauty (NYSE:ELF - Get Free Report) had its price objective lifted by equities researchers at Morgan Stanley from $105.00 to $114.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price target points to a potential upside of 18.44% from the stock's previous close.
Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity Group increased their price target on shares of e.l.f. Beauty from $114.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Bank of America lifted their price objective on e.l.f. Beauty from $113.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Robert W. Baird raised their price target on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Truist Financial boosted their price objective on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a report on Friday, June 6th. Finally, Jefferies Financial Group set a $115.00 target price on e.l.f. Beauty and gave the company a "buy" rating in a report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $124.50.
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e.l.f. Beauty Price Performance
NYSE:ELF traded down $14.14 during midday trading on Thursday, hitting $96.25. The company had a trading volume of 4,151,186 shares, compared to its average volume of 2,675,397. The company has a market capitalization of $5.46 billion, a PE ratio of 49.78, a P/E/G ratio of 2.62 and a beta of 1.57. The company has a quick ratio of 2.00, a current ratio of 3.05 and a debt-to-equity ratio of 0.34. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $188.15. The stock's fifty day moving average price is $118.70 and its 200-day moving average price is $88.49.
e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. The firm had revenue of $353.74 million for the quarter, compared to analyst estimates of $348.99 million. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The company's revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 EPS. As a group, research analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current year.
Insiders Place Their Bets
In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 1,496 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $117.61, for a total value of $175,944.56. Following the completion of the sale, the senior vice president owned 120,471 shares of the company's stock, valued at $14,168,594.31. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tarang Amin sold 2,405 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $117.61, for a total transaction of $282,852.05. Following the completion of the transaction, the chief executive officer owned 186,586 shares in the company, valued at approximately $21,944,379.46. The trade was a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 126,589 shares of company stock valued at $14,547,949. 3.90% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On e.l.f. Beauty
Several institutional investors have recently made changes to their positions in ELF. Orion Capital Management LLC purchased a new position in e.l.f. Beauty in the fourth quarter worth $30,000. Golden State Wealth Management LLC acquired a new position in e.l.f. Beauty during the first quarter valued at $33,000. Larson Financial Group LLC grew its holdings in e.l.f. Beauty by 56.5% during the first quarter. Larson Financial Group LLC now owns 676 shares of the company's stock worth $42,000 after acquiring an additional 244 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of e.l.f. Beauty by 577.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 759 shares of the company's stock valued at $49,000 after purchasing an additional 647 shares in the last quarter. Finally, Huntington National Bank increased its holdings in e.l.f. Beauty by 133.3% in the second quarter. Huntington National Bank now owns 427 shares of the company's stock valued at $53,000 after buying an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.
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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