e.l.f. Beauty (NYSE:ELF) Given a $115.00 Price Target at Jefferies Financial Group

Jefferies Financial Group set a $115.00 price objective on e.l.f. Beauty (NYSE:ELF - Free Report) in a research report released on Thursday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Several other brokerages have also issued reports on ELF. Piper Sandler reissued an "overweight" rating and issued a $109.00 target price (up previously from $81.00) on shares of e.l.f. Beauty in a research report on Thursday. The Goldman Sachs Group cut their target price on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Morgan Stanley reiterated an "equal weight" rating and set a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Canaccord Genuity Group set a $114.00 target price on e.l.f. Beauty in a research note on Thursday. Finally, Raymond James reiterated a "strong-buy" rating on shares of e.l.f. Beauty in a research note on Thursday, May 22nd. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.76.

e.l.f. Beauty Stock Up 0.7%

Shares of NYSE:ELF traded up $0.77 during trading on Thursday, hitting $112.61. The stock had a trading volume of 5,858,897 shares, compared to its average volume of 2,497,698. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $219.77. The company has a market capitalization of $6.35 billion, a PE ratio of 66.63, a PEG ratio of 6.76 and a beta of 1.31. The firm's fifty day moving average is $67.23 and its 200 day moving average is $91.87. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. The firm had revenue of $332.65 million during the quarter, compared to analyst estimates of $327.45 million. During the same quarter in the prior year, the company earned $0.53 EPS. The business's revenue was up 3.6% compared to the same quarter last year. Analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 18,383 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $109.99, for a total transaction of $2,021,946.17. Following the completion of the sale, the insider now owns 54,163 shares in the company, valued at $5,957,388.37. This represents a 25.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tarang Amin sold 97,915 shares of the company's stock in a transaction on Monday, April 21st. The stock was 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. This represents a 35.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 223,001 shares of company stock worth $12,996,483. Company insiders own 3.50% of the company's stock.

Institutional Trading of e.l.f. Beauty

Several hedge funds and other institutional investors have recently made changes to their positions in ELF. Nemes Rush Group LLC acquired a new stake in e.l.f. Beauty during the 4th quarter worth about $27,000. Orion Capital Management LLC acquired a new stake in shares of e.l.f. Beauty during the 4th quarter valued at about $30,000. Promus Capital LLC purchased a new position in e.l.f. Beauty in the 4th quarter valued at about $31,000. Kestra Investment Management LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $32,000. Finally, Golden State Wealth Management LLC purchased a new stake in e.l.f. Beauty in the first quarter valued at approximately $33,000. 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.