e.l.f. Beauty (NYSE:ELF) Given New $105.00 Price Target at Morgan Stanley

e.l.f. Beauty (NYSE:ELF - Free Report) had its price target boosted by Morgan Stanley from $70.00 to $105.00 in a research report report published on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts also recently issued reports about the stock. Raymond James reiterated a "strong-buy" rating on shares of e.l.f. Beauty in a research report on Thursday, May 22nd. The Goldman Sachs Group lowered their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Jefferies Financial Group set a $115.00 target price on shares of e.l.f. Beauty and gave the stock a "buy" rating in a research report on Thursday. Stifel Nicolaus cut their price target 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. Finally, Piper Sandler restated an "overweight" rating and set a $109.00 price target (up previously from $81.00) on shares of e.l.f. Beauty in a report on Thursday. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $117.76.

e.l.f. Beauty Price Performance

ELF stock 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 1-year low of $49.40 and a 1-year high of $219.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The company's 50 day moving average price is $67.23 and its two-hundred day moving average price is $91.87. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 66.63, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31.

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

Insider Buying and Selling

In other news, insider Kory Marchisotto sold 51,350 shares of the business's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $2,740,036.00. Following the completion of the sale, the insider now directly owns 152,492 shares of the company's stock, valued at approximately $8,136,973.12. The trade was a 25.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jennifer Catherine Hartnett sold 18,383 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $109.99, for a total value of $2,021,946.17. Following the completion of the sale, the insider now directly owns 54,163 shares of the company's stock, valued at $5,957,388.37. The trade was a 25.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 223,001 shares of company stock valued at $12,996,483 in the last three months. 3.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On e.l.f. Beauty

Hedge funds have recently bought and sold shares of the stock. Strs Ohio purchased a new position in shares of e.l.f. Beauty in the 1st quarter worth $2,103,000. Peloton Wealth Strategists acquired a new stake in shares of e.l.f. Beauty during the first quarter valued at about $477,000. United Services Automobile Association acquired a new position in e.l.f. Beauty in the first quarter worth $240,000. Fred Alger Management LLC acquired a new position in e.l.f. Beauty in the first quarter worth $3,754,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of e.l.f. Beauty by 176.4% during the first quarter. NewEdge Advisors LLC now owns 4,677 shares of the company's stock valued at $294,000 after acquiring an additional 2,985 shares during the period. Hedge funds and other institutional investors 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.