e.l.f. Beauty (NYSE:ELF) Price Target Raised to $150.00

e.l.f. Beauty (NYSE:ELF - Free Report) had its target price boosted by Canaccord Genuity Group from $114.00 to $150.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

ELF has been the subject of a number of other reports. Piper Sandler restated an "overweight" rating and set a $109.00 price objective (up from $81.00) on shares of e.l.f. Beauty in a research report on Thursday, May 29th. Bank of America raised their price objective on e.l.f. Beauty from $113.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. B. Riley reaffirmed a "buy" rating and set a $150.00 target price (up previously from $110.00) on shares of e.l.f. Beauty in a research note on Friday, June 13th. JPMorgan Chase & Co. raised their target price on e.l.f. Beauty from $70.00 to $123.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Finally, Raymond James Financial raised their target price on e.l.f. Beauty from $95.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty has an average rating of "Moderate Buy" and a consensus target price of $121.13.

e.l.f. Beauty Trading Down 4.6%

e.l.f. Beauty stock traded down $5.27 during trading hours on Wednesday, hitting $110.10. The stock had a trading volume of 2,011,960 shares, compared to its average volume of 2,564,319. The company has a quick ratio of 2.00, a current ratio of 3.05 and a debt-to-equity ratio of 0.34. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 57.05, a P/E/G ratio of 2.73 and a beta of 1.52. e.l.f. Beauty has a one year low of $49.40 and a one year high of $219.77. The business's 50 day simple moving average is $105.57 and its 200-day simple moving average is $90.24.

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 the consensus estimate of $0.72 by $0.06. The firm 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 17.98% and a net margin of 8.53%. The business's quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. On average, equities analysts predict that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 2,405 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $117.61, for a total value of $282,852.05. Following the completion of the sale, the chief executive officer owned 186,586 shares of the company's stock, valued at approximately $21,944,379.46. This trade represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Scott Milsten sold 1,442 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $114.78, for a total value of $165,512.76. Following the completion of the sale, the insider directly owned 117,394 shares of the company's stock, valued at $13,474,483.32. This trade represents a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 327,207 shares of company stock valued at $25,252,926. Company insiders own 3.50% of the company's stock.

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

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of e.l.f. Beauty by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company's stock valued at $690,174,000 after purchasing an additional 68,103 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of e.l.f. Beauty by 19.7% in the first quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company's stock valued at $167,337,000 after purchasing an additional 438,575 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of e.l.f. Beauty by 40.9% in 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 purchasing an additional 669,321 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in e.l.f. Beauty by 17.5% during the 4th quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company's stock worth $222,541,000 after acquiring an additional 264,296 shares during the last quarter. Finally, Swedbank AB boosted its holdings in e.l.f. Beauty by 42.6% during the 1st quarter. Swedbank AB now owns 1,157,760 shares of the company's stock worth $72,696,000 after acquiring an additional 345,760 shares during the last quarter. 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.