e.l.f. Beauty (NYSE:ELF) Trading Up 3.8% - What's Next?

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report)'s share price was up 3.8% on Thursday . The company traded as high as $129.25 and last traded at $129.24. Approximately 743,221 shares traded hands during trading, a decline of 71% from the average daily volume of 2,526,454 shares. The stock had previously closed at $124.52.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ELF shares. Jefferies Financial Group set a $115.00 price target on e.l.f. Beauty and gave the stock a "buy" rating in a report on Thursday, May 29th. The Goldman Sachs Group decreased their price target on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a report on Friday, February 21st. JPMorgan Chase & Co. increased their price target on e.l.f. Beauty from $70.00 to $123.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Bank of America increased their price target on e.l.f. Beauty from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, UBS Group raised their target price on e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a research note on Wednesday, May 21st. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $124.24.

e.l.f. Beauty Stock Performance

The company's 50-day simple moving average is $78.97 and its 200 day simple moving average is $91.33. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The stock has a market cap of $7.04 billion, a P/E ratio of 73.97, a PEG ratio of 6.76 and a beta of 1.52.

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

Insider Buying and Selling

In related news, CEO Tarang Amin sold 97,915 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 value of $5,224,744.40. Following the sale, the chief executive officer now owns 181,289 shares of the company's stock, valued at approximately $9,673,581.04. The trade was a 35.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Catherine Hartnett sold 9,506 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $116.52, for a total transaction of $1,107,639.12. Following the completion of the sale, the insider now directly owns 53,903 shares in the company, valued at $6,280,777.56. This trade represents a 14.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 327,207 shares of company stock valued at $25,252,926. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. grew its position in shares of e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock valued at $1,005,584,000 after purchasing an additional 2,703,742 shares in the last quarter. Vanguard Group Inc. grew its position in shares of e.l.f. Beauty by 1.3% during the 4th 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 grew its position in shares of e.l.f. Beauty by 19.7% during the 1st 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 grew its position in shares of e.l.f. Beauty by 40.9% during the 4th 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. Finally, Clearbridge Investments LLC grew its position in shares of 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 valued at $222,541,000 after purchasing an additional 264,296 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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.