e.l.f. Beauty (NYSE:ELF) Trading 7.1% Higher - What's Next?

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report)'s share price traded up 7.1% during trading on Friday . The company traded as high as $76.15 and last traded at $76.19. 1,200,614 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 3,226,914 shares. The stock had previously closed at $71.11.

Analysts Set New Price Targets

Several brokerages have issued reports on ELF. JPMorgan Chase & Co. increased their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. B. Riley reiterated a "buy" rating and issued a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a report on Thursday, December 12th. They set a "hold" rating and a $133.00 price objective on the stock. UBS Group reiterated a "neutral" rating and set a $74.00 price objective (down from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, Stifel Nicolaus lowered their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Monday, February 3rd. Five research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $132.94.

e.l.f. Beauty Stock Down 3.4 %

The firm has a market capitalization of $4.10 billion, a P/E ratio of 43.06, a price-to-earnings-growth ratio of 6.76 and a beta of 1.47. The stock has a fifty day moving average of $108.87 and a 200 day moving average of $119.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. On average, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 785 shares of the company's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. This represents a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the sale, the chief executive officer now owns 99,699 shares of the company's stock, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock valued at $297,442 over the last three months. 3.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp lifted its position in e.l.f. Beauty by 107.1% in the 4th quarter. Mackenzie Financial Corp now owns 513,647 shares of the company's stock worth $64,488,000 after buying an additional 265,569 shares during the last quarter. GTS Securities LLC lifted its holdings in e.l.f. Beauty by 102.7% in the 4th quarter. GTS Securities LLC now owns 1,806 shares of the company's stock worth $227,000 after buying an additional 68,410 shares during the period. Pinnacle Investment Management Ltd bought a new stake in e.l.f. Beauty in the fourth quarter valued at $1,256,000. Orion Capital Management LLC bought a new stake in shares of e.l.f. Beauty during the 4th quarter valued at about $30,000. Finally, Thornburg Investment Management Inc. boosted its position in e.l.f. Beauty by 19.6% during the 4th quarter. Thornburg Investment Management Inc. now owns 31,778 shares of the company's stock valued at $3,990,000 after acquiring an additional 5,198 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.